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WHAT TO KNOW

2024 Tax Returns: Four Things to Know Before You File This Year

PlateaPR

Ready for the long-awaited Tax Day? Remember that the deadline to file your income tax return is on or before April 15.

If you're looking for an easy, fast and secure way to meet your tax obligations, we recommend using Taxmania, a secure platform that can simplify the entire process.

Before you dive into a sea of numbers and forms, here are three useful things to know if you find yourself preparing everything at the last minute.

1. How can I apply for the Child Tax Credit?

You can claim up to $1,600 per child with the Child Tax Credit. Answer a few questions on Taxmania.com and find out whether you qualify to apply in just three steps.

2. What is the American Opportunity Credit?

It's a refund for college expenses that could be yours. Learn more about this benefit by using Taxmania.com.

3. Which form should I fill out if I work in professional services?

If you work in professional services, don't forget to complete the Planilla de Puerto Rico and the 1040-SS.

4. Which return do I have to file?

The general rule is that any taxpayer with a net gross income, excluding exemptions, greater than zero must file an income tax return. Taxmania offers a section with all the requirements for the following forms: Planilla de Puerto Rico, Crédito por Hijos (1040-SS), Trabajo por Cuenta Propia (1040-SS), and Ingresos Federales (1040-US).

What to know about Taxmania

The Taxmania platform lets you file your taxes and claim federal tax credits in an easy, fast and secure way.

Created by CEGsoft, a purely Puerto Rican company, the platform is used by more than 150,000 taxpayers each year. You can start the process online and continue from anywhere, with the assurance that your data is secure.

*This content is sponsored.

This content was translated with the assistance of Artificial Intelligence (AI).