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How much do you have to make to be required to file income tax returns?
Wiki User
∙ 14y ago
Generally, you're required to file tax returns if, for your filing status, your income is above a particular level. For 2009, if Single under 65, you have to file when your income is at least $9,350 or Single 65 and older when your income is at least $10,750.
Married Filing Jointly files when your income is at least $18,700 under age 65 or income at least $19,800 when one spouse is 65 and older or income at least $20,900 when both spouses 65 and older.
Married Filing Separately must file if their income is at least $3,650.
Head of household must file when income is at least $12,000 under age 65 or at least $13,400 65 and older.
Qualifying widow(er) with dependent child must file when income is at leat $15,050 under 65 or at least $16,150 65 and older.
If you're claimed as a dependent and single or married under 65 you're required to file if your earned income is over $5,700.
Wiki User
∙ 14y ago
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How old you have to be to file taxes?
Taxes are not age-dependent. In general, if you make money, then you have to file taxes. In some cases parents are allowed to fold the income of their minor children into their own tax returns, but if you have income at all, then SOMEBODY has to pay taxes on it.
How much money do you have to make throughout the year before you need to file federal taxes returns?
The amount of money that you have to make [i.e., income requirement] that requires filing a federal tax return is determined by your age and filing status. For 2009 income, generally if you're single and under 65, you must file if your total income is $9,350 and over. If you're 65 or older, then you must file if your total income is $10,750 and over.If you're married filing jointly and both are under 65, then you must file if your income is $18,700 and over. If only one spouse is 65 or older, then you must file if your income is $19,800 and over. If both spouses are 65 or older, your income must be $20,900 or over.Married filing separately is required to file if their total income is at least $3,650.Head of household under 65 must file if their income is at least $12,000. At 65 or older, they must file if their income is at least $13,400.Qualifying widow[er] with dependent child under 65must file if their income is at least $15,050. At 65 or older, they must file if their income is at least $16,150.
Do you have to make a certain amount of money to even claim it on taxes?
No. Everyone is free to file a tax return regardless of income. People who make more than a certain amount are required to file.
What is the minimal amount of income required to receive anything on tax returns?
There is no minimum if you've had taxes taken out and you can claim a refund, i.e., if your income is low enough and you don't owe any tax, even if you're not required to file a return, you can claim a refund for what you've paid in.AnswerIf I am not mistaking , If you make under 10,000 you will get money back, you make over 10,000 then you get less and less back until you start paying after the income go's up. if you clame alot of persons on your taxes you may get nothing back on your taxes.
What is the maximum income in Illinois for a w-2 employee can make before its required to report it to IRS?
If any income tax was withheld you may want to file your 1040 Federal income tax return to get a refund of some of the over held federal income taxes if you do not have any federal income tax liability. If a single taxpayer and NOT a dependent on another individuals income tax return for the year 2009 you could have up to 9350 of gross worldwide income from all sources before you would be required to file a federal 1040 income tax return.
How old you have to be to file taxes?
Taxes are not age-dependent. In general, if you make money, then you have to file taxes. In some cases parents are allowed to fold the income of their minor children into their own tax returns, but if you have income at all, then SOMEBODY has to pay taxes on it.
How much money do you have to make throughout the year before you need to file federal taxes returns?
The amount of money that you have to make [i.e., income requirement] that requires filing a federal tax return is determined by your age and filing status. For 2009 income, generally if you're single and under 65, you must file if your total income is $9,350 and over. If you're 65 or older, then you must file if your total income is $10,750 and over.If you're married filing jointly and both are under 65, then you must file if your income is $18,700 and over. If only one spouse is 65 or older, then you must file if your income is $19,800 and over. If both spouses are 65 or older, your income must be $20,900 or over.Married filing separately is required to file if their total income is at least $3,650.Head of household under 65 must file if their income is at least $12,000. At 65 or older, they must file if their income is at least $13,400.Qualifying widow[er] with dependent child under 65must file if their income is at least $15,050. At 65 or older, they must file if their income is at least $16,150.
Do you have to make a certain amount of money to even claim it on taxes?
No. Everyone is free to file a tax return regardless of income. People who make more than a certain amount are required to file.
What is the minimal amount of income required to receive anything on tax returns?
There is no minimum if you've had taxes taken out and you can claim a refund, i.e., if your income is low enough and you don't owe any tax, even if you're not required to file a return, you can claim a refund for what you've paid in.AnswerIf I am not mistaking , If you make under 10,000 you will get money back, you make over 10,000 then you get less and less back until you start paying after the income go's up. if you clame alot of persons on your taxes you may get nothing back on your taxes.
Can i claim unemployment benefits and also make cash on the side without having to report it when i file taxes?
You are required to report all income on your tax returns, including unemployment benefits and "cash on the side." However, in 2009 the first $2400 of the benefits that you report may not be federally taxable.
What is the maximum income in Illinois for a w-2 employee can make before its required to report it to IRS?
If any income tax was withheld you may want to file your 1040 Federal income tax return to get a refund of some of the over held federal income taxes if you do not have any federal income tax liability. If a single taxpayer and NOT a dependent on another individuals income tax return for the year 2009 you could have up to 9350 of gross worldwide income from all sources before you would be required to file a federal 1040 income tax return.
Over how much taxable income must I have to file a tax return?
How much must I make in taxable income to have to file a return?
If you make less than $8000 a year, is it required to file federal taxes?
If you make less than $8,000 a year, you may not be required to file federal taxes, depending on your filing status, age, and other factors. Generally, individuals with very low incomes may not meet the filing threshold and may not be required to file a federal tax return. However, it's essential to consider specific circumstances and potential exceptions, such as: Earned Income: If you have earned income from sources like wages, salaries, tips, or self-employment, you may still be required to file taxes even if your total income is below $8,000. Other Income: Certain types of income, such as interest, dividends, capital gains, or retirement account distributions, could also affect your filing requirement. Dependents: If you can be claimed as a dependent on someone else's tax return, different rules may apply, and you might not be required to file a separate return, depending on your total income and the type of income you have. Eligibility for Refunds or Credits: Even if you're not required to file, you may still want to file a return to claim any tax credits or refunds for which you qualify, such as the Earned Income Tax Credit (EITC) or the Child Tax Credit. It's always a good idea to review the current IRS guidelines or consult with a tax professional to determine your specific filing requirements based on your individual circumstances.
Does the IRS accepts income tax returns from people who have used free services?
No, the IRS does not accept these returns, as these services are free and therefore have no income. To do this would be taking money from a place that does not make any.
How do I know if my state allows me to file my tax return online for free?
Every state with a personal income tax has a free e-file system. In many states, you can even file your federal and state income tax returns online together. For listings of what is available in your state, see http://www.irs.gov/efile/article/0,,id=97915,00.html. The easiest way to get income tax filing information for your state is probably to use a search engine and search for your state name and the words "tax file". Before you e-file, make sure you check the directions on your state's tax website to make sure that you qualify.
Where can you file your income tax for free?
You can file your income tax for free with a online tax preparation like turbo tax, they will look over it before they file to make sure everything is correct.
If I make income from my rental home, how do I file that on my taxes?
You'll need to file any income you make from your rental home on Schedule E of your tax forms. To make sure you are paying exactly what you owe, you'll need to closely track income and expenses throughout the year.
