Do you have to pay federal income taxes if your only source of income for the year was $150 (savings bonds)?

1 ⤊

2007-01-26 14:43:13 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Other - Taxes

no, keep the change!

2007-01-26 15:39:12 · answer #1 · answered by Anonymous · 0⤊ 0⤋

No. You're good to go. Did you even cash the savings bonds in? If you didn't cash them in, it's not considered income yet.

2007-01-30 13:08:27 · answer #2 · answered by Kristy ♪♫♪ 3 · 0⤊ 0⤋

No, you only have file if you have more income than your standard deduction (single $5150).

2007-01-26 22:51:57 · answer #3 · answered by Dana B 2 · 1⤊ 0⤋

No. I believe you must make $600 or more.

2007-01-26 22:52:19 · answer #4 · answered by Anonymous · 0⤊ 0⤋