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What is the minimum income you can have not to report taxes? |
What is the minimum income you can have not to report taxes? It's not only the -amount- of income you earn that determines whether or not you have to file an income tax return. There are many factors. To see the requirements, follow the questionnaire at this link: http://www.irs.gov/individuals/article/0... Remember that even if you aren't required to file, sometimes it's in your best interest to file anyway, because you may be due a refund - sometimes much more than you think, if you qualify for the Earned Income Tax Credit. single-8,200 age 65 or older 9,450 married filing jointly-16,400 one spouse age 65 or older 17,400 both spouses age 65 or older 18,400 married filing separately-3,200 head of household-10,500 age 65 or older 11,750 qualifying widower-13,200 age 65 or older 14,200 A good place to start answering that question is this page on the IRS website - it can help you figure out whether you need to file a return. http://www.irs.gov/individuals/article/0... |
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