What would you like to do?

Do you have to file taxes if you made only 1500.00 for the year?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

Do you have to file taxes if you made only 1500.00 for the year?
Simple Common Sense:
It really makes no difference since the only time you actually do WANT to file is when the IRS says you don't have to!

They don't do that because it's good for you. They do it because it is more likely to be good for them. Certainly if you don't have to file, NOTHING BAD, in fact only good things, can happen by doing so.

Federal Taxes are the same throughout the country. State tax laws are specific to each area.

Whether you have to file a tax return (or pay tax) depends, in part, on your filing status, deductions, amount & type of income. There are no such things as "start and stop" ages, not having to pay because of retirement or on social security or working from home or a student. It is all addressed as a matter of"how much TAXABLE income."

(Note: working isn't relevant either, as many people who don't work or are retired, or disabled, or old, or young, or in school, have income from many sources: savings, investments, etc. TAXABLE income is different than what you may otherwise think of as income. In most circumstances, you have to do many of the calculations needed to file a return, just to determine what taxable income may be).

Likewise, there are no special or fixed rates for retired, student, doctor, sanitation worker, President, convict...whatever. The amount of taxable income after applicable deductions and adjustments determines the rate applied to your particular situation. The rate, as well as the amount, you pay changes as the amount of income does.

You must file a tax return if you had net earnings from self-employment of $400 or more. This is your total self-employment income less the expenses paid in operating your trade or business, multiplied by 92.35%.

If you weren't self-employed (meaning paid on a 1099 or ran your own business) then you would always want to file a return to claim the amount withheld and shown on your W-2. Which with lower incomes will always be refunded to you.

If you are an individual who may be claimed as a dependent on another person's return, you are subject to specific filing requirements. Refer to the instructions in your tax package or refer to Publication 929, Tax Rules for Children and Dependents, or Publication 501, Exemptions, Standard Deduction, and Filing Information, for the filing requirements for dependents. All available at www.IRS.gov

You must file a tax return if you received any amount of advance earned income credit payments from your employer during the year, or if you owe any taxes, such as:
  • social security tax and Medicare tax on tips or group life insurance,
  • alternative minimum tax,
  • tax on qualified retirement plans including an Individual Retirement Account, or other tax-favored account,
  • tax from recapture of an education credit, investment credit, low income housing credit, federal mortgage subsidy, qualified electric vehicle credit, or the native American employment credit.



Generally, you must file a tax return if you are a nonresident alien with income from sources in the United States. For more information on nonresident aliens, select Topic 851 at the IRS website.

Even if you are not required to file a tax return, file a return BECAUSE MANY, LOW INCOME PEOPLE HAVE MANY BENEFITS COMING THAT ARE KEYED TO FILING A RETURN. (Like stimulus checks).

Also, the Statute of Limitations for when the IRS can no longer ask you questions about your affairs for a year only STARTS to run when a return is filed. Not filing, and they can bug you, (and assess a tax) for forever!
You can file for free at the www.irs.gov site too! See http://www.irs.gov/pub/irs-pdf/i1040ez.pdf
2 people found this useful
Thanks for the feedback!
Follow

You have performed many times for a variety of audiences, including for British troops in Iraq and Afghanistan. What has been your most memorable performance?

View Full Interview

Do you have to file income tax if you only worked for 10 months during the year?

    Answer       Almost without exception money earned through employment (and not deferred in some type of an approved program like a 401K or such), pro
What should you do if you have not filed taxes for years?

What should you do if you have not filed taxes for years?

  Unpaid Taxes     The problem is there is something called a Statute of Limitations on your liability for taxes for any period. (There is also one limiting the

What is 5 percent tax on 1500.00?

75.00 It's 75.00 alright! The way to get this number is by multiplying 1500.00 * 5 percent ( .05 ). 1500.00 * .05 75.00

If you are sixty six years old and only have 14000 dollars in income from Social Security do I have to file taxes?

  The answer changes with many factors...age, disability, married or not, etc, and what may be defined as income, may not be what you expect, so looking at this link will

Do you file an income tax return if you have made no money this year?

No, if you made nothing in the year.   If you are self-employed and have filed in previous years, then you also need to file for the prior taxable year. There is big differ

How do you file taxes if divorced during year?

On the day that you were divorce during the year your filing status will be single for the year that you were divorced in unless you were remarried by December 31 of that year

Can I file last year's tax this year?

Yes just use the last years tax forms for this purpose. In the year 2010 you would use the 2009 tax forms to file for the 2009 tax year income tax return.

Do you have to file taxes if you made no money?

Even if you had no income, there are many reasons for which may be required to file a federal individual income tax return. For example, if you have a loss from a business, ce

Do you have to file your taxes this year?

Not filing your taxes if you have the income is criminal. It is not something anyone does because they want to. It is a requirement. Those who fail to meet the requirements

If your only income for the year is unemployment can you file taxes and still get a refund?

Anyone can file taxes. You can only get a refund if you overpaid taxes during the year or qualify for some refundable tax credit such as the Earned Income Credit or the Addi
Can you file taxes at 17 years old?

Can you file taxes at 17 years old?

Yes you can file a federal income tax return and if you had a employer and you were an employee if any federal income tax was withheld from your gross earnings wages it is pos

How do you file for taxes if you haven't filed for over 10 years?

If you didn't and didn't have to, or should have because you had money coming back (the more common thing, even with those who thought they were getting away with something),

How do you get last years tax file?

  I was just asking myself the same question. I got this answer; hope it helps!     It happens every year. Just when you get motivated to get rolling on your taxes,
What if you have not filed your taxes for this year?

What if you have not filed your taxes for this year?

You should proceed to do this and complete your income tax return correctly. Get help with your tax problems at IRS's nationwide open house. The Internal Revenue Service will