With the ongoing COVID-19 outbreak, taxes may not be at the top of your mind. Even if they are, you may not want to travel outside your house for tax preparation help. Here’s what you need to know to file your taxes in 2020.
The City of Detroit, in coordination with over 300 partner organizations, has implemented a robust outreach and communication strategy to inform Detroiters about the census, why it matters, and the impact it has on their lives.
Not everyone is required to file their taxes. Whether you need to file your taxes depends on four factors: your income, filing status, age, and whether you fall under a special circumstance. Even if you aren’t required to file taxes, you may want to file for tax credits and other benefits.
Likely, yes! The IRS requires all workers who meet an income requirement to pay taxes. For rideshare drivers, this income threshold is $400. If you earn more than $400 from all your platform/self-employment work (Uber, Lyft, etc.) then you must report your earnings to the IRS. Even if you don’t meet this requirement, you may have to file taxes if you have other income.