how much income do you need to make in order to file taxes?
18217
Single: If you are single and under the age of 65, the minimum amount of annual gross income you can make that requires filing a tax return is $12,200. If you're 65 or older and plan on filing single, that minimum goes up to $13,850.
1186287
Regardless of income, you'll generally have to file a tax return if: You had self-employment net earnings of at least $400. You received distributions from a health savings account, Archer Medical Savings Account or Medicare Advantage MSA. You owe taxes on an IRA, health savings account or other tax-favored account.
12437
The minimum income amount depends on your filing status and age. In 2019, for example, the minimum for single filing status if under age 65 is $12,200. If your income is below that threshold, you generally do not need to file a federal tax return.
271090
If you file head of household, however, you can earn up to $52,850 before being bumped out of the 12% tax bracket. Head of household filers also benefit from a higher standard deduction. For the 2019 tax year, the deduction for single filers is $12,400, but it climbs to $18,650 for those filing head of household.
179158
The minimum income amount depends on your filing status and age. In 2019, for example, the minimum for single filing status if under age 65 is $12,200.
233612
For single individuals or married individuals filing separately, you must file a return if you made $12,000 or more in taxable income. If you're head of household, that figure is $18,000, and if you're married filing jointly, you must file a return if your joint taxable income is $24,000 or more.
1070136
To be a 1 percenter, you need to have an adjusted gross income of at least $480,930, according to the latest data from the IRS, which looked at income statistics for tax year 2015. The top 1 percent accounted for 1.4 million individual income tax returns — out of 141.2 million total — that year.
1016726
I earned less than $10,000 so I don't have to file a tax return. Technically true – but, filing a tax return even if you earn below the income level required to file one could allow you to claim benefits and exemptions you might otherwise not be aware you're entitled to.
61931
While you may not owe any income taxes, as a freelancer, you must pay self-employment taxes in addition to regular income taxes. Self-employment taxes start if you earn $400 or more. Therefore you must file a tax return if you gross $400 or more.
206094
For example, in the year 2018, the maximum earning before paying taxes for a single person under the age of 65 was $12,000. If your income is below the threshold limit specified by IRS, you may not need to file taxes, though it's still a good idea to do so.
71264
According to eFile.com, "You must file a tax return if your total self-employment income is at least $400." It adds, in case there is any confusion, "This is different compared to if you are an employee and these payments are automatically withheld from your pay and paid for you by your employer."
20371
For the 2019 tax year, If you are married and file a joint return with a spouse who is also 65 or older, you must file a return if your combined gross income is $27,000 or more. If your spouse is under 65 years old, then the threshold amount decreases to $25,700.
481497
For 2018, earned income and adjusted gross income (AGI) must each be less than: $49,194 ($54,884 married filing jointly) with three or more qualifying children. $45,802 ($51,492 married filing jointly) with two qualifying children. $40,320 ($46,010 married filing jointly) with one qualifying child.
512705
If you file as "Single" or "Married, Filing Separately," the tax rate is 3.00% on taxable income of $10,000 or less; 5.00% for up to $50,000; 5.50% for up to $100,000; 6.00% for up to $200,000; 6.50% for up to $250,000; 6.90% for up to $500,000; and 6.99% for over $500,000.
543455
You need to have earned at least $2,500 to qualify for the CTC. Then it phases out for income above $200,000 for single filers and $400,000 for joint filers.
395853
Minimum income to file taxes Married filing jointly: $24,400 if both spouses under age 65. $25,700 if one spouse under age 65 and one age 65 or older. $27,000 if both spouses age 65 or older.
82305
If you're independent, you are required to file if your income is $9,750 or higher, according to tax preparer TurboTax, which is one of the 15 companies recommended by the IRS to prepare your taxes for free.