Last year I was told by a worker who was filing my income tax papers that this year I would not have to file,is this right?
2007-04-04 01:41:35 · 6 answers · asked by jesparza39@yahoo.com 2 in Business & Finance ➔ Taxes ➔ United States
No, that is NOT correct. There is no age waiver for income taxes. Whether you are 1 or 120, if your taxable income exceeds the filing threshold, you MUST file and pay any taxes due.
2007-04-04 02:16:37 · answer #1 · answered by Bostonian In MO 7 · 2⤊ 1⤋
Your age has nothing to do with your tax return. Whether or not you have to file depends on the amount of income you earned. Your tax adviser may be correct because at your age you may be able to claim a larger personal exemption and the amount of your income may be small enough to avoid filing. However, be sure the advice is based on your income and filing status, not on your age.
2007-04-04 01:49:02 · answer #2 · answered by Anonymous · 1⤊ 1⤋
It depends on your income. If the person said it depended just on your age, he or she wasn't correct, but was probably meaning to say that at your income, you didn't have to file. If anything changed substantially about your income in following years, check again whether you need to file.
Also, this year even if you don't have to file, be sure to claim the telephone tax credit assuming you are eligible, and you probably are. You can claim it on form 1040EZ-T if you aren't filing a return.
2007-04-04 07:59:02 · answer #3 · answered by Judy 7 · 0⤊ 1⤋
Take your tax papers into a preparer place and have them look at it. If you do not have to file you will not be charged.
It may be that your income level and age combined result in no filing.
If you are single, over 65, not self-employed, and your income other than Social Security totals $9,700 or less, you do not have to file.
You could get a little telephone excise tax refund if you file Form 1040EZ-T, available here:
http://www.irs.gov/pub/irs-pdf/f1040ezt.pdf
2007-04-04 04:54:08 · answer #4 · answered by ninasgramma 7 · 0⤊ 1⤋
It's not the age that matters it's the income. Don't forget about the telephone excise tax also. I filed someone the other day 79 years old just for the telephone tax and before anyone says it no, I did not charge her.
2007-04-04 03:13:38 · answer #5 · answered by momzadork 3 · 1⤊ 2⤋
age has nothing to do with it except that if you turned 65 the amount you could make without filing increased
if you are single and under 65 yrs of age, you can make $8,450. before having to file a federal tax return. If you are 65 or older, you can make $9,700. before having to file a federal tax return. (for 2006)
other than that, age has nothing to do with if you file or not,, it's all about your level of income.
2007-04-04 01:45:22 · answer #6 · answered by Jo Blo 6 · 2⤊ 1⤋