Filing Your First Tax Return? Here’s What to Know

As Benjamin Franklin said, nothing in this world is certain except death and taxes. While the former is hopefully many, many years away for you yet, you can be sure that when it comes to taxes, Uncle Sam will come knocking each and every year to make sure you’ve paid your fair share.

Tax time can be confusing though, even for people who have been paying taxes for decades. Tax laws change nearly every year, and the methods for filing evolve with new technologies and rules. If you’re just starting out in your career or are a student filing taxes on your own for the first time, it can be especially intimidating.  

If you live in the U.S., your federal income tax return will be due sometime in mid-April, and your state income tax will be due around the same time (depending on your state). Read on for some high-level information and resources to help you prepare for tax season.