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2006-09-03 19:26:27 · 5 answers · asked by bricklynn71 1 in Business & Finance Taxes United States

5 answers

People with income below a particular cutoff don't pay taxes, and in most cases don't have to file. Last year a single person under 65 didn't have to file if they made less than $8200; if they were 65 or over, $9450. A married couple filing jointly, both under 65, didn't have to file unless making over $16,400; if both over 65, $18,400 and that doesn't count social security. Note: these numbers are different if you're an independent contractor, or are claimed as a dependent by someone else.

People who don't have to file and will owe no taxes should still file if they had anything deducted, since they'll get it all back but not if they don't file. People in this catagory might also be eligible for credits such as the earned income credit - you can get money back even if you didn't pay anything in with that, if you're employed and low income.

Although "tax cuts for the rich" has become a very popular media phrase, much of the tax cuts went to people on the low end of the scale - these limits have gone up over the past few years.

2006-09-04 08:30:58 · answer #1 · answered by Judy 7 · 0 0

Certain immigrants with non-resident status, living in the USA, are exempt from federal income tax for up to five years. It's very complicated, so I include a link, in case you want to read more.

2006-09-04 02:49:17 · answer #2 · answered by mia2kl2002 7 · 0 0

There are a lot of deductions out there to legally reducde tax liability to 0. If you take advantage of all of them like some people do you won't have to pay but will most likely still have to file

2006-09-03 21:29:11 · answer #3 · answered by ken 3 · 0 0

I don't think I've ever paid anything to the government. I've always gotten a tax return, EIC, and child dividend, always. Some day my dream is to make enough money that I owe.

2006-09-03 19:43:31 · answer #4 · answered by Anonymous · 0 0

A lot of people don't. Kids with no income don't. Seniors that only have Social Security don't.

2006-09-03 19:30:14 · answer #5 · answered by Steve R 6 · 0 0

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