Annually, US citizens have the obligation to file an Income Tax Return, a tax that is levied on the income of individuals.

The income Tax Return is paid to the federal government or even to state and local governments as the case may be.

These taxes allow to raise a considerable amount of money for the government and is characterized by being:

• Direct: The tax is levied on natural persons.
• Personal: Considers the personal conditions of the taxpayer that condition their ability to contribute.
• Subjective: When establishing the tax rate, it considers the circumstances of the person who must face the payment. This rate ranges from 0% to 37%.
• Progressive: The higher the income, the higher the percentage of taxes on the base.
• Frequency: Is annual.

Who must declare:

The taxpayers who have to make the declaration of personal income tax are:

• Persons residing in the United States, with respect to all their income regardless of where they come from.
• Persons resident abroad who have a permanent establishment in the United States, with respect to the income attributable to such establishment.

If the annual income of these people does not reach a minimum (varies according to the situation of each person), they are not required to file the income tax return.

I am a resident, must I declare?

Residents are considered those natural persons with:

• Your home in the United States.
• Your residence in another country but that you have remained in the United States for 31 days in the current year and corresponding to the tax return.

How and when?

Do not miss any details about the dates and documents that you must present for your declaration.

Normally the IRS announces the dates on which the tax declaration process will be carried out, you can find more information on its official website

Get Ready to file your 2022 federal income tax return| Internal Revenue Service. (s. f.).

https://www.irs.gov/newsroom/get-ready-nowto-file-your-2022-federal-income-tax-return