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Each year there are record variety of people who do not file their income tax return. Anything at all for non-filing vary individual to person but for the IRS should you are important to file then there is no excuse. If you receive a letter for non-filing here are a couple of steps take a look at that assist to you start the process.

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Remember, a personal exemption of $3650 is not deducted on tax but on your taxable income. Say for example your filing status is 'married filing jointly' with original taxable income of $100,000. This gives you under the marginal tax rate of 25%. Therefore the money it will save you on personal exemption is $912.50 (calculation is simple: $3650 multiplied by 25%). For you and the spouse, which is to be multiplied by two and save $1825.

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