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In general, you do not need to file a tax return if you made less than the standard deduction + your exemption.
For 2010, the standard deduction is:
Single: $5,700
Married Filing Jointly: $11,400
Head of Household: $8,400
The exemption amount is $3,650. So, this means that if you make less than the following amounts you are not required to file a tax return:
Single: $9,350
Married Filing Joint: $18,700 (standard deduction + 2 exemptions).
Head of Household: $12,050
If you have a more complex situation that these most common filing statuses, the same general rules apply (for example, the standard deductions can be slightly higher if you are over the age of 65, or if you are blind).
Keep in mind too that just because you are not required to file a return doesn't necessarily mean that you shouldn't. If you made less than these amounts, but you had any federal tax withheld from your paycheck, you may still want to file a return in order to get that money refunded. Look at your W-2 in Box 2 -- if there is any money in Box 2, then you can probably get that amount back.
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How much can you make without filing a tax return?
I get $12,000 per year social security. How much can i make at a job before i have to file a tax return
What is the maximum amount of money you can make without paying taxes?
This depends on your filing status and number of dependents. Sorry I couldn't give you an answer but I would need this information to give you a correct figure.
What is the most your spouse can make without you claiming her on your income taxes?
On your MFJ income tax return you do not have a choice about claiming your spouse. Your spouse would not be claimed as a dependent exemption on your MFJ income tax return. You have one exemption for each spouse on the MFJ income tax return and all gross worldwide income is combined on the married filing joint income tax return.
If filing taxes jointly do you both have to be present?
Yes that is the way that it should be done to make sure that the tax return is prepared correctly and each taxpayer signs the income tax return after it is completed correctly
How much does a retired couple have to make before they have to file income tax?
how much income can you earn as a retired couple before filing a tax return
How much can you make without filing a tax return?
I get $12,000 per year social security. How much can i make at a job before i have to file a tax return
What is the maximum amount of money you can make without paying taxes?
This depends on your filing status and number of dependents. Sorry I couldn't give you an answer but I would need this information to give you a correct figure.
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Squint when you look at them.
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There's no maximum amount. If you can't make your payments you file bankruptcy.
What is the procedure of Annual Provident Fund Return filing?
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There are many different types of tax software such as TaxACT, HR Block, and Turbo Tax. All three help get the maximum refund for your taxes and can make filing easier.
Can I enter Canada without a return flight?
If you are not a Canadian citizen, you can not board a flight to Canada without a return ticket. Buy a return, make sure that the return flight date can be changed.
What is the most your spouse can make without you claiming her on your income taxes?
On your MFJ income tax return you do not have a choice about claiming your spouse. Your spouse would not be claimed as a dependent exemption on your MFJ income tax return. You have one exemption for each spouse on the MFJ income tax return and all gross worldwide income is combined on the married filing joint income tax return.
How much can one make without paying taxes if drawing Social Security?
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If filing taxes jointly do you both have to be present?
Yes that is the way that it should be done to make sure that the tax return is prepared correctly and each taxpayer signs the income tax return after it is completed correctly
How much does a retired couple have to make before they have to file income tax?
how much income can you earn as a retired couple before filing a tax return
What do you do if you missed filing your taxes on time?
Get started NOW and complete your income tax return correctly and make a copy of your completed income tax return for your self get the other copy to the correct IRS address and also your state income tax return.
