Home Forums FAQ’s How much money do I have to make to file taxes?

1 reply, 2 voices Last updated by Refundtalk 5 years, 4 months ago
  • tara berks
    Moderator
    @t_berks
    #7332 Reply

    How much money do I have to make to file taxes?

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    Refundtalk
    Keymaster
    @admin
    #7333 Reply

    There are various thresholds, depending on your filing status, age, and the type of income you receive. For instance, if you’re single, under 65 and your income was below $10,350 last year, you generally don’t need to file federal taxes. This IRS tool can help you figure out if you need to file a tax return.
    Even if appears you don’t have to file, experts say it’s generally a good idea to fill in the blanks on a return and see what your bottom line would be. About 70% of Americans are expected to qualify for refunds this year, according to the IRS, but many people never file to collect. The average unclaimed refund is nearly $700. Especially for lower-income Americans, a number of credits and deductions could make you eligible for a refund.

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