Do I Need to File a Tax Return?Factors such as age, disability, filing status, and income will determine whether or not the U.S. federal government requires you to file a tax return. The charts below will assist you in determining this. Show
However, just because you are not required to file a tax return does not necessarily mean you shouldn't. Later in this article, we will discuss the reasons to file a tax return even when it is not required. Minimum Income Requirements Based on Age and StatusThere is no set minimum income for filing a return. The amount varies according to both filing status and age. The minimum taxable income level for each group is listed in the following chart. If your income falls below what is listed for your age group and marital status, you are not required to file a return.
Age and Status Requirements for DependentsBeing claimed as a dependent on someone else’s taxes changes the rules a bit, and it does not rule out the possibility that you will still be required to file. If you are an adult, working dependent, you will likely be required to file your own return.
Special CircumstancesEven if your income bracket is below the minimum listed for your age group and status, you usually must file a Federal Tax Return if you fall into any of the following “special circumstances” categories.
Why You May Want to File AnywayNot being required to file may be a bad reason not to do so, especially if you could use a little extra money following the holiday season. Refunds cannot be claimed without filing a return. Here are some reasons why a refund might be due to you:
How little do you have to make to not file taxes 2022?Depending on your age, filing status, and dependents, for the 2022 tax year, the gross income threshold for filing taxes is between $12,550 and $28,500. If you have self-employment income, you're required to report your income and file taxes if you make $400 or more.
What the threshold for people 65 years and younger means to a taxpayer?If you are 65 years of age to below 75 years, the tax threshold (i.e. the amount above which income tax becomes payable) is R141 250. For taxpayers aged 75 years and older, this threshold is R157 900.
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