List and briefly explain three very good reasons why you certainly would want to file a...

List and briefly explain three very good reasons why you certainly would want to file a tax return for a particular year even though your taxable income was well below the filing threshold.

Note 1: Less than three will not earn you this bonus point, so don’t bother with just one or two.

Note 2: Yes, I am thinking of three very specific situations. But would love to hear about other reasons beyond the three I’m thinking of!

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Expert Solution

There are several reasons why you may want to file or e-file a 2019 tax return even if you do not meet the minimum income requirements. If you had taxes withheld from your pay,you must file a tax return to receive a tax refund..If you qualify, you must file to claim the refundable Health Coverage Tax credit.
If you fail to to file your tax return on time,the IRS can and will penalize you a late filing fee

ekkarill92 answered 1 year ago

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