How soon can you file taxes?

Answer 1

Assuming that you do have a filing requirement, then you are required to file every year by April 15, if you are unable to file by April 15 then you have an option to file an extension request (IRS Form 4868) which will extend the date until October 15 of that same year. Some individuals, however, do not have a filing requirement given their status and income. If you are a single individual you are not required to file unless your earned income exceeds $5350. For unearned income (interest, dividends, etc.) the requirement is for anything above $850. If you are a married individual the same rules apply, unless your spouse files a separate return and itemizes. In that case then you are required to file if your income exceeds $5. Filing requirements change if you are blind and /or over the age of 65. For more detailed information you can review IRS Publication 501 available at www.irs.gov. Hope this answers your question. Roger Hadad, Effectur Inc, www.irs101.blogspot.com

Answer 2

As soon as you know all of your information. Wages, interest, investments, deductible expenses, etc...

Theoretically, you could file on January 1, XXXX

However, employers, banks, etc . - everyone - who needs to report to you (and the IRS) the things you need to know (generally by providing a form 1099 or W-2) have until the end of January to do so - and these forms MUST accompany your formal tax return filing.

Some Cos will give you a refund (if one is coming) using only your last pay stub and information you provide - but they are actually doing so by giving you a loan against the expected refund, charging you very high fees for the loan and the actual filing of the return when the forms are available that one must contract with them to do. (Called a "revenue anticipation loan" or some variation).

These LOANS are considered predatory - that is something that scammers do to fools - because the are so expensive and many companies have been prevented (legally) from even trying to provide them under any guise. (H&R Block included for 2010).

Answer 3

There is no minimum or maximum age to file taxes. Taxes are required based on income. (Generally, young people, even with income, are claimed as a dependent by their parents and any income they have will also basically become income of the parent).

Answer 4

There is no time limit for filing.

But if your filing shows that you are due a refund, most people will receive that refund only if they file within 3 years of the original deadline.

State rules vary by state.

Answer 5

There are no age limits (upper or lower).

If you have sufficient income, owe taxes, or are due a refund, you should file.