Filing Your Taxes

February to April is tax season. The 2024 tax deadline is April 15th! Sprout members interview Marisa Smoljan, an accountant at McMahon & Associates in Munster, IN, about the tax-filing process. She answers the following questions:

1. What are taxes?

2. What kinds of taxes are there, and what do you pay taxes on? 

3. What are tax rates? 

4. What is a dependent, and how does having a reported dependent affect your taxes? 

5. Why and how are tax refunds given? 

6. What are tax write offs and deductions? 

7. How long should you keep your tax records?