Should I File
Should You File?
There are four major components that determine whether or not you should file a tax return. The factors are your age, filing status, a minimum W2 income, and/or a minimum self employment income.
Do you need to file? A description of when you should file a tax return.
|Filing Status||Age||Minimum W2 Income||Minimum Self-Employment Income|
|Head of Household||Under 65||$13,250||$400|
|Head of Household||65+||$14,800||$400|
|Married Filing Jointly||Under 65 (both spouses)||$20,600||$400|
|Married Filing Jointly||65+ (one spouse)||$21,850||$400|
|Married Filing Jointly||65+ (both spouses)||$23,100||$400|
|Married Filing Separately||Any age||$4,000||$400|
|Qualifying Widow(er)||Under 65||$16,600||$400|
Other Reasons to File
Aside from the information mentioned in the table above, there may be other reasons why you would want to file a tax return. These reasons include:
- If you had taxes withheld from your pay
- You earned dividends from stocks and other investments
- You earned interest from a checking or savings account
- You earned job payment that was "under the table" and exceeded $400
- You earned tips