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If you earned a profit in 2014 from selling an asset such as stock shares or a house, you’ll need to report it as a long term capital gain on your 2014 tax return.
Long term capital gains are taxed differently than short term gains and other income. In fact, long term capital gains are taxed at a lower rate.
Continue reading “What is Tax Rate for Long Term Capital Gains?”
Tax season can be a frustrating time of year. Why file a tax return if you’re not required to? Although most are required to file a tax return, there are a select few who fall into the list of those who do not need to file a 2014 tax return.
Once you learn if you need to file a tax return, RapidTax is here to help you through the process!
Filing federal taxes depends on:
The tax filing deadline to e-file a 2014 tax return is April 15, 2015. After this date, your tax return will be considered late.
If you don’t file your 2014 taxes by the April 15th deadline, you may have to pay late penalties if you aren’t all squared away with the IRS.
Luckily, RapidTax helps make filing your taxes easy so that you can file before the tax deadline.
