![]() ![]() Filing a return when you don’t have to may qualify you for tax credits and possibly a refund of any withheld taxes. Income requirements are different for seniors, heads of households and dependents with income.Įven if your gross income falls below the filing threshold, you may have to file for other reasons, such as to include income from self-employment, because you received tips not reported to your employer, or for health insurance reasons. A single person under the age of 65 with a gross income of less than $10,150 was not required to file a return for the 2014 tax year. Your gross income - meaning your total personal income before taking taxes or deductions into account - must meet certain rules and levels before you’re required to file a tax return. ![]() ![]() With some care and planning, you can file your own taxes with confidence. tax code is extensive and very specific, the reality is that most taxpayers have simple tax situations and the Internal Revenue Service provides updated instructions annually. Although there’s no question that the U.S. A big myth about filing your own tax return is that the process is too complex for anyone other than an expert to handle. ![]()
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