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Hawaii Form W-4V: What You Should Know

Tax Filing Tips To Help You With Your Federal & State Taxes. State withholding has a big impact on your federal tax bill. Here are a few tips to help you prepare your state tax return. File tax return online. (see¬†the IRS website) File electronically. You can do the following free of charge: fill out federal and state tax forms online, file an e-file, create an online account, and print your return File your tax return to the state where you live, or use the ‚ÄúElectronic Federal Income Tax Return‚ÄĚ option. ¬† File an Electronic Federal Withholding Return. If the state you live in does not require you to file income tax return electronically, you can elect to file electronically. File or request an extension to file electronically If you file electronically, you don't need to file your return with the state where you lived. Your return¬† will be completed and sent to the filing date specified if the state required you to file electronically. Electronic returns are easier to complete Electronic returns save time and avoid errors. If you file electronically, the IRS may audit your return over the telephone, for up to 3 years if you have a¬† financial interest in the return. How to file a return electronically in states that don't require it? When you file your federal and state tax return electronically, you do not need to complete a paper return and mail it to the state tax authority. The return you completed and sent to the state is¬† all you need to file electronically with the state in question. File a paper return in states where you live, if the state requires it. Do not use the mail if you require a state return.¬† Paper returns require more time and can delay your federal tax filing. In some states, you must wait up to 10 days to file your return. Mail your state tax return as soon as possible after you file it electronically. The filing requirement is calculated when tax time arrives. See Publication 926 to determine if you need to file your state return electronically. Do not wait for the return of your state tax authority to get your federal tax refund. You may want to wait for the return of your state tax authority to¬† make sure that the state returned your tax refund to you right away.

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