What is the minimun amount that you should file your tax?

Question

Just wonderin what is the minimum amount that you should file for your tax

Answer 1

You have to file your tax return whether or not you have taxable income. Generally, tax for teens (or other dependents) it is $10,000 of income. The amounts you need to declare come to you on forms 1099, or W2, or if you can be claimed as a dependent on someone else's return your earnings go on their tax forms.

Answer 2

If you're single and not the dependent of another taxpayer, you don't need to file if your only income is wages and you earned less than $8,450 for 2006. If you earned less you only need to file if income tax was withheld from your wages and you want that to be refunded.

Answer 3

your income should become taxable as at present it is 100001 in case of individuals other than women whose taxable income is exempted upto 135000/- If u have such income u must file IT return even if u do not pay tax by getting rebates u/s 80c or other relevant sections.

Answer 4

Best to get a true / real / current for 2007 answer from the IRS than a guess from yahoo-etes

http://www.irs.gov/