I cannot tell you based on this information alone.
It depends on your total income for the year (including your IRA and all of your other sources of income), your age, your filing status, your dependent status, whether the IRA was a Roth or Traditional IRA, and whether you made non-deductible contributions to your IRA.
Please refer to Tables 1, 2, and 3 on pages 2, 3, and 4 of Publication 501:
http://www.irs.gov/pub/irs-pdf/p501.pdf
These tables will tell you if you need to file a federal return.
Also refer to the instructions for your state income tax and/or the web site of your state tax agency to determine if you need to file a state tax return.
$600 is the line for filing taxes. So yes, if you made $2000 you should file.
Basically, if you make over $600 a year you must file...how much you pay is a different story...you'll likely pay nothing until you earn much closer to 12K a year. Moreover, you'll probably get credits and money back if you do file, which is a reason to.
How much federal taxes do you have to pay on $600?
600 thousand
If your salary is 30,000 per annum, then your salary is 2,500 per month or less than 600 per week. Answer $14.43 an hour x 2080 hours worked per year = $30,014.40$577.20 a week x 52 weeks a year = $30,014.40 $2308.80 in a 4 week month$2886.00 in a 5 week month Basic Formula: Take the amount of your desired salary and divide it by 2080 (40 hrs a week X 52 weeks a yr) to determine the hourly rate required to achieve the salary before taxes. Examples: $45,000 a yr = $21.63 an hour$36,000 a yr = $17.31 an hour All other calculations can be figured from the hourly amount.
$600 is the line for filing taxes. So yes, if you made $2000 you should file.
$600
No. A teenager who babysits only needs to file taxes if it is over $600 they are making.
You may need to file a 1098 form with your taxes if you paid mortgage interest of 600 or more to a lender during the tax year. It is important to include this form when filing your taxes to accurately report your deductions.
You may need to file a 1098 form for your taxes this year if you paid mortgage interest of 600 or more, or if you received student loan interest of 600 or more. Check with your lender or financial institution to see if they will be providing you with a 1098 form.
Form 1099-NEC should be recorded in the event that a business paid a non-worker $600 or more in the fiscal year.
a singer makes about $600 a month;)
A person can make up to $600 in one year without paying taxes on it. It should be claimed on a tax return, however.
If you paid mortgage interest of 600 or more in a year, your lender is required to send you a Form 1098. You should include this form when filing your taxes to claim the mortgage interest deduction.
No, you do not have to file a 1099 if you made less than 600.
Basically, if you make over $600 a year you must file...how much you pay is a different story...you'll likely pay nothing until you earn much closer to 12K a year. Moreover, you'll probably get credits and money back if you do file, which is a reason to.
600