2007-03-24 20:37:12 · 3 answers · asked by ibbey01 1 in Business & Finance ➔ Taxes ➔ United States
If you're filing single and claim yourself, then you wouldn't have to file unless your income exceeded $8,450.
If someone can claim you as a dependent, you would need to file if your income was over $5,150.
However, if you had self-employment income of at least $400 you would need to file a tax return.
2007-03-24 21:23:25 · answer #1 · answered by tma 6 · 1⤊ 0⤋
It depends on your filing status, dependency status, and the source of the income.
If you made over $400 from self-employment, you have to file.
If your income wasn't from self-employment, and you are single and can't be claimed as a dependent of anyone, you can earn up to $8150 before you are required to file.
There are a number of other limits, depending on your circumstances. For more detail, see IRS Publication 17, Chapter 1 - you can download it at irs.gov
2007-03-25 03:52:46 · answer #2 · answered by Judy 7 · 2⤊ 0⤋
The least amount of money you can make in one year would be 0, and you don't have to pay taxes on that.
And you can earn up to $600 (six hundred dollars, UP to but not including, so technically 599.99) of income per year that you do not have to declare at all.
2007-03-24 21:14:34 · answer #3 · answered by netthiefx 5 · 0⤊ 4⤋