2007-01-07 03:55:17 · 6 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
In the US there is no age limit if you have taxable income. Investment income under certain circumstances can be taxed at the parents rate. Go to http://www.irs.gov for details.
You have to earn over $8,450 per year to pay any taxes.
2007-01-07 03:57:52 · answer #1 · answered by Barkley Hound 7 · 1⤊ 1⤋
Filing taxes has nothing to do with age. A baby can have to file taxes. It only has to do with income.
2007-01-07 11:58:41 · answer #2 · answered by kny390 6 · 1⤊ 0⤋
It's not a matter of age, it's how much money you make. If you have enough income to be required to file, then you have to file. Even if you're not required to file, if you had any money withheld, you should file to get it back.
This year, if you can be claimed as a dependent of someone (like your parents) and your income is over $5150, you are required to file. If you have what's called "unearned income" like interest, the limit to have to file is $850.
If you're single but not a dependent, then you are required to file if you made over $8450. There are other higher limits for people who are married or are over 65, or are in other statuses.
2007-01-07 12:00:43 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
If you had income tax taken out of your paycheck, then you have to file. Or if you made any income in the year of 2006, then file for taxes this year.
2007-01-07 12:05:42 · answer #4 · answered by L 3 · 0⤊ 1⤋
It has nothing to do with age.
My friends 5 year old had to file a return once.
2007-01-07 14:08:51 · answer #5 · answered by Wayne Z 7 · 0⤊ 0⤋
Maybe 16, if not 18 as a child of age
2007-01-07 11:58:56 · answer #6 · answered by NOREEN D 1 · 0⤊ 3⤋