Answered

IDNLearn.com: Where your questions are met with thoughtful and precise answers. Ask anything and receive well-informed answers from our community of experienced professionals.

Filing income tax returns helps:

A. Decrease standard deductions from an individual's paycheck.
B. Get tax credits and lower an individual's tax obligation.
C. Increase the federal income tax withholdings.
D. Avoid tax credits and increase an individual's tax obligation.

Sagot :

GinnyAnsweridn

Final answer:

Filing income tax returns is crucial to receive tax credits and reduce tax obligations.


Explanation:

Filing income tax returns helps get tax credits and lower an individual's tax obligation. By accurately reporting income and deductions, individuals can benefit from tax credits and reduce the amount of taxes owed. This process is essential for individuals to fulfill their tax obligations and potentially decrease their tax liability.


Learn more about Income Tax Filing here:

https://brainly.com/question/34954769


We appreciate your contributions to this forum. Don't forget to check back for the latest answers. Keep asking, answering, and sharing useful information. Trust IDNLearn.com for all your queries. We appreciate your visit and hope to assist you again soon.