What if you are not required to file taxes?

Why you should consider filing a tax return even if you’re not required to file. Some tax credits are “refundable” meaning that even if you don’t owe income tax, the IRS will issue you a refund if you’re eligible. Many people miss out on a tax refund simply because they don’t file an IRS tax return.

What amount do you have to file taxes?

Single: If you are single and under the age of 65, the minimum amount of annual gross income you can make that requires filing a tax return is $12,200. If you’re 65 or older and plan on filing single, that minimum goes up to $13,850.

Do you have to file a tax return if you have no income?

The minimum income levels for the various filing statuses are listed in the table below. If you earned below the minimum income for your filing status, you may not be required to file a Federal Tax Return. However, there are reasons why you may still want to file. Learn more about selecting a filing status.

Do you have to file taxes if you make more than the minimum income?

If you make more than the standard deduction for your age and filing status, then you are required to file a tax return. If you earned below the minimum income for your filing status, you may not be required to file a Federal Tax Return. However, there are reasons why you may still want to file. See a detailed listing below.

Do you have to file your taxes on efile.com?

The eFile.com tax app would automatically apply the Earned Income Tax Credit – EITC – (for all eligible ages between 25 and 65, and regardless of age, if you have one or more qualified dependents or children) and a tax return would result in a tax refund of $332 as anybody born before 1995 is eligible for the EITC at certain income levels.

When do you have to file an income tax return?

Regardless of your gross income, you are generally required to file an income tax return if any of the following are true: You had net self-employment income of $400 or more. You had unemployment income. You owe Alternative Minimum Tax. You owe household employment taxes.