Future Business Leaders of America (FBLA) Personal Finance Practice Test

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Explore the Future Business Leaders of America Personal Finance Test. Use flashcards and multiple-choice questions with hints and explanations to prepare. Get ready for the exam today!

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When is your federal income tax return due to the IRS?

March 15
April 15
May 15
June 15

The correct answer is: April 15

The due date for your federal income tax return to the Internal Revenue Service (IRS) is April 15. This date applies to individual taxpayers and is typically the deadline for filing their annual tax returns for the previous calendar year. If April 15 falls on a weekend or a legal holiday, the due date may be extended to the next business day, but April 15 is the standard deadline. Understanding this deadline is crucial for individuals as it helps them avoid penalties for late filing and ensures they fulfill their tax obligations in a timely manner. Filing on or before this date allows taxpayers to efficiently manage their finances and avoid interest charges on any unpaid taxes.