I heard people said that we don't have to fill the tax return if a person earns less than USD$5000 in California. If it is true?? Please give me a reply. Thanks!
2007-03-05 07:10:16 · 7 answers · asked by Kit 1 in Business & Finance ➔ Taxes ➔ United States
It depends on your filing status and age. You should always file if you want to be refunded any taxes you paid to the IRS, or if you are eligible for the Earned Income Credit (you don't necessarily have to have kids to get the Earned Income Credit). Here are the minimum requirements for someone UNDER AGE 65:
If you are SINGLE, you must file a federal tax return if your total GROSS income was at least $8,450.00
If you are MARRIED FILING JOINTLY, you must file a federal tax return if if your total GROSS income was at least $16,900.00 ** (both spouses are under age 65)
If you are MARRIED FILING SEPARATELY, you must file a federal tax return if if your total GROSS income was at least $3,300.00
If you are HEAD OF HOUSEHOLD, you must file a federal tax return if if your total GROSS income was at least $10,850.00
If you are a QUALIFYING WIDOWER with a DEPENDENT CHILD, you must file a federal tax return if if your total GROSS income was at least $13,600.00
The state of California's website has its own section where you can answer questions to determine if you have to file. Visit the web page below.
2007-03-05 07:28:58 · answer #1 · answered by nobody knows 2 · 0⤊ 0⤋
Regardless of what amount you make, you should file a state and federal tax return so you can get the money you paid in taxes back. You don't want to be giving your money away like that, do you?
2007-03-05 07:15:58 · answer #2 · answered by annazzz1966 6 · 1⤊ 0⤋
confident, regardless of if it somewhat is self employment, a contractor job earning extra desirable than $4 hundred potential you're able to be able to desire to report a tax return regardless of if it somewhat is w-2 income, wages, and that's the only source of income, then you certainly does not could desire to report a tax return Your question isn't of course stated. precisely what do you decide directly to be attentive to???
2016-10-17 08:17:42 · answer #3 · answered by ? 4 · 0⤊ 0⤋
You should always file your returns because you will receive a refund if you didn't make enough to be required to pay taxes.
2007-03-05 07:22:11 · answer #4 · answered by Katie 2 · 0⤊ 0⤋
If you make less then 20 thousand dollars a year you don't have to file income taxes in California! Thats what my H&R Block Tax adviser said!
2007-03-05 07:15:15 · answer #5 · answered by Anonymous · 0⤊ 4⤋
If $400 or more of the income was from self-employment, you'd have to file - otherwise no you don't have to.
2007-03-05 10:48:12 · answer #6 · answered by Judy 7 · 0⤊ 0⤋
Yes you do. The minimum for not filing is $1700.
2007-03-05 07:15:05 · answer #7 · answered by leafybug911 1 · 0⤊ 2⤋