taxes






 

Question by  sathyaraj (26)

How much do I have to make to file taxes?

I want to make sure that I file taxes if I have to.

 
+8

Answer by  bl834 (1317)

The IRS website says that if you're self-employed and you make more than $400 in the year, you need to file. They also show that if you're single, under 65 years old, and earn $9,350 (as of 2009) you need to file (if you're someone else's employee I guess).

 
+7

Answer by  Cecilia (2828)

The front page of the IRS tax instruction booklet gives details on who has to file. You should be able to find a copy at your local library or on line at IRS dot gov . Use the search box in the upper right corner.

 
+7

Answer by  shanna34 (34)

In general people who are under the age of 65 and are single and make more then $9,350 must file a return. For more information read Publication 17 which is available at the irs website. Also keep in mind that it might be to your advantage to file.

 
+5

Answer by  maber (1427)

If you are single and independant from your parents or anyone else, then if you make more than 7,500 you will need to file taxes. If you are married, a dependant, or a senior over 65, the tax threshold is a higher amount. The best thing to do is ask a certified accountant.

 
+5

Answer by  Mary (2095)

You do not need to file taxes if you do not owe any taxes. You will not get any money back, but the government does not need the paperwork. If you make less that $500, then it is also not required that you file taxes. If you owe taxes, and do not file, there is a penalty for late payment.

 
+4

Answer by  jsmith (2067)

The instructions in the 1040 form say: for most people if you are single you must file if your gross income was at least $8,750. If married filing jointly $17,500. If you had any federal withholding you may want to file even if you don't "have" to.

 
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