2. Gather your tax documents. This includes your W-2 forms from your employer, any 1099 forms you received, and proof of any other income you earned. You will also need to have your daughter's Social Security number and proof of her relationship to you.
3. Claim the Earned Income Tax Credit (EITC). This is a refundable tax credit for low-income workers. If you qualify, it can significantly reduce your tax liability or even result in a refund.
4. Take advantage of other tax credits and deductions. There are a number of other tax credits and deductions that you may be eligible for, such as the child tax credit, the child and dependent care credit, and the education tax credit.
5. File your taxes on time. The deadline to file your taxes is April 18, 2023. If you need more time, you can file for an extension until October 17, 2023.
You can prepare and file your tax return online using the IRS Free File program or a paid tax preparation software program. If you need help, you can also contact a tax professional.
Here are some additional tips for filing taxes as a single parent:
- Keep good records of your income and expenses throughout the year. This will make it easier to file your taxes accurately.
- File your taxes electronically if possible. This is the fastest and most accurate way to file your taxes.
- If you owe taxes, you can make monthly payments to the IRS. This can help you avoid penalties and interest.
- If you are experiencing financial hardship, you may be eligible for tax relief programs such as the IRS Fresh Start Program or the Low Income Taxpayer Clinic.