What is the minimum income required for filing state and federal taxes?
2007-03-21 13:59:48 · 3 answers · asked by ginnyp82 2 in Business & Finance ➔ Taxes ➔ United States
That depends upon your filing status and the source of the income.
For a single taxpayer who cannot be claimed as a dependent by another taxpayer you must file if you have $8,450 or more in wages.
You must file if you have more than $400 in self employment income.
You must file if you have $850 or more in unearned income.
Those are just for starters. See IRS Pub 501 for a full explanation. And those are the Federal numbers. Each state with an income tax has their own requirements.
2007-03-21 15:04:37 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
For Federal
individual 5150 standard deduction plus 3300 personal exemption total 8150
each state is different
2007-03-21 14:16:01 · answer #2 · answered by clu25 2 · 1⤊ 1⤋
able to claim a dependent who has worked 5 months, earned 4500.?
2015-01-30 06:00:29 · answer #3 · answered by Sharon 1 · 0⤊ 0⤋