Time to Tackle Your 2025 Taxes: Here's What You Need to Know
Tax Filing Season Kicks Off
The state's tax agency has launched the 2025 income tax filing season. Both state and federal tax departments are now accepting returns. The big deadline is April 15, so make sure to mark your calendar. If you need more time, you can request an extension, but remember to pay any taxes owed by the deadline.
Save Money: File for Free
Great news for budget-conscious New Yorkers: many can file their federal and state taxes for free. The state's Free File website makes this process easy and secure. It's a smart way to avoid paying for tax preparation services. If you're eligible, take advantage of this offer!
Get Your Documents Ready
Before you start, ensure you have all the necessary documents. The tax department's website offers a resource center filled with helpful information. Learn about direct deposit benefits, tax credits, and how to gather the right documents. It's like having a tax prep coach at your fingertips.
Unemployment Benefits and 1099-G Forms
If you collected unemployment benefits last year, you'll receive a 1099-G form in the mail. This form details the benefits you received and any taxes withheld. You'll need it to file your taxes. Forms should arrive by the end of January. If you're in a hurry, you can also find it online through the Department of Labor's website.
Easier Access to Tax Forms
The state has automated the process of sending out tax forms, making it less hassle for you. To access your form online, log in to your unemployment account and look for the 1099-G form. The website also provides instructions on how to print or save a copy.
Tax Season Made Simple
Tax season doesn't have to be stressful. With the right tools and information, you can get it done without breaking the bank. So, take a deep breath and dive in. Your wallet will thank you.
