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 help (for anyone): http://www.irs.gov/publications/p501/ar02.html#en_US_publink100041738 And now you fell into the trap of getting my words of wisdom! There are many reasons to file, even if you don't owe. The gov't provides many benefits to people based on the income (or lack) only if they file (last years incentive check is one of many examples). But, appreciate this - if the IRS (not known for being too concerned about anything or one than themselves) says you don't have to file...who do you think that normally benefits - you or them?
A self employed taxpayer would be required to file an income tax return if business operation had a net profit of 400 and pay the social security and Medicare taxes that would be due plus any income tax that may be due after adding the net profit to all other gross income on the 1040 tax form and the amounts would be subject to income tax at the marginal tax rates.
A dependent on another taxpayer income tax return with unearned income interest, dividends, capital gains, rental income, taxable social security benefits, unemployment compensation, gambling winning and misc income, etc of more than 950 must file an income tax return and report all worldwide income on the 1040 tax return
You are not exempt from filing for Income taxes based on age. You are exempt from filing taxes based on the income you receive. If your income is over a certain amount you must file.
There is no age limit for filing income taxes in the United States. The only time you do not have to file tax returns is if your income falls below the minimum amount requiring you to do so.
Requirements to file taxes is not based on age but income. If your income is below a certain amount, you do not have to file.
what is the minimum income required to file taxes in alabama
what is the minimum amount of income that is required to file Alabama state income tax if I am over 65
with no income what would you be filing taxes on
please provide your country details.
No, when filing for the state income taxes, you will receive your federal income tax refund as well as your state income tax refund.
The Executor or the Administrator
It is recommended that an income tax course before filing your own taxes. Tax filing errors can be expensive and you should make sure you know what you are doing before attempting to file your own taxes.
This would depend on how the words are used. The federal income tax marginal tax rates (brackets) would be the percentage amount that is applied to each bracket amount of income for that filing status. The bracket percentage amount go from -0- percent to the maximum 35% for the 2009 tax year income. Taxes Income tax liability would be the amount of taxes that is owed on your taxable income at your marginal tax rates after your income tax return is completed correctly for the year.
= the amount of income individuals have after they save and pay their taxes? =