Answered

Discover a world of knowledge and community-driven answers at IDNLearn.com today. Join our platform to receive prompt and accurate responses from experienced professionals in various fields.

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


Thank you for using this platform to share and learn. Don't hesitate to keep asking and answering. We value every contribution you make. IDNLearn.com is your go-to source for dependable answers. Thank you for visiting, and we hope to assist you again.