Just filing a declaration is not enough: what needs to be done after you have reported your US taxes

Just because the 2022 tax filing season is over doesn't mean it's time to kick back and forget about taxes. There are some other things you need to do to make sure that the return you recently filed is all right, advises Go Banking Rates.

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The IRS suggests taking the following four steps after tax day.

Check return status

If you are due a refund, you can check its status on the "Where's my refund? This tool is available online at IRS.gov or through the app. IRS2Go. You will need a social security number or ITIN, tax status, and the exact refund amount shown on your tax return. The tool is updated once a day. Taxpayers who do not have access to a computer can call 800-829-1954.

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Check your retention

The IRS also recommends that taxpayers verify tax withholdings using Tax Withholding Estimator at IRS.gov. The tool will help you make sure your employer withholds the correct amount of tax from your paycheck. Checking this now can help you avoid an unexpected amount of money to pay - and possibly a penalty - when preparing and filing your tax return next year.

You can also use the Estimator results to complete a new Form W-4 and adjust income tax withholding as needed. In addition, retiree income taxpayers may use the results to complete Form W-4P.

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View payment options

If you have to pay taxes, you can view all payment options online. These options include the following:

• Pay taxes due or make a partial payment through your online account or using IRS Direct Pay.
• Pay by debit card, credit card or digital wallet.
• Apply online for a payment plan.

Consider if you need to make changes to the declaration

If you suspect you've made a mistake or forgotten to put something on your tax return, the IRS strongly recommends using a tool on IRS.gov called "Should I File an Amended Return?". It will help you determine if you need to correct an error or make other changes to your return. Common errors include incorrect information about taxpayer status, income, deductions, and loans.

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The IRS usually corrects math errors and notifies you by mail. This also applies to blank forms. If you are expecting a return, do not file an amended return until the first version of the return has been processed.

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