How much money can you make and not have to file taxes?
How much money can you make and not have to file taxes?
You can file regardless of how much money you make. In fact you should file if you had any taxes withheld from your salary since that is the only way to get a refund. You probably want to know how much you can make before you *have to* file. The number in PA is astonishingly small. You have to file if you have at least $33 in taxable PA income.
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.
if u make less than 1200 a year no you dont have to file taxes
I assume you mean what's the max you can make before having to file federal taxes. If you're single, $8,750. If you're married, $17,500.
$600 is the line for filing taxes. So yes, if you made $2000 you should file.
To file an extension for LLC taxes, you typically need to submit Form 7004 to the IRS before the original tax deadline. This form allows you to request an additional six months to file your tax return. Make sure to provide all required information and pay any estimated taxes owed to avoid penalties.
You have to file the appropriate reports.
I do not know. That is why I'm asking.
Taxes are not age-dependent. In general, if you make money, then you have to file taxes. In some cases parents are allowed to fold the income of their minor children into their own tax returns, but if you have income at all, then SOMEBODY has to pay taxes on it.
It is extremely important to file your taxes ON TIME if you owe money whether or not you can pay. The penalty for failure to file on time is TEN TIMES as much as the penalty you will pay if you file but don't pay. People who can't pay their taxes often don't file. That is the most foolish mistake you can make and it will cost you big bucks. File and send as much as you can. Try to make other arrangements to pay the balance, but even if you can't make arrangements or pay anything, file on time.