what age and how much do you have to have to file taxes?

Question

i need to know if there is a age or if you have to make a goal to get back any taxes?

Thanks

Answer 1

You have to file when you make a certain amount of money, not when you reach a certain age. Last year, if you were single and a dependent, you were required to file if you made over $5150 - if you were NOT a dependent, you could make up to $8450 before you had to file. There are different limits for different filing statuses.

You only get a refund if you overpaid - had more withheld for federal income tax than you owed.

Answer 2

If you live in the US, the guidelines are as follows:
If you are not a dependant of someone else then the age does not matter. It is the amount of income that matters. The minimum income/wages is roughly $3500 a year (investment/interest income of $1200 for the year) to file a federal tax return. However, this can get complicated, because you may qualify to file the federal return but not the state or local return. If you are a dependant, then your earnings can (should be) claimed by the person who can claim you as a dependant.

Answer 3

As soon as you start officially making money (ie getting a paycheck) you have to file your taxes. Odds are if you don't make very much (Such as a teenager's summer job-type thing) you won't wind up needing to pay anything, but you still have to file.

Answer 4

You start getting taxed when you start working and the IRS takes roughly 20% of your gross pay for taxes. When you file your taxes at the beginning of the year, that's when you get refunded any extra monies you paid in

Answer 5

if you have a job you need to file taxes. how much you get back doesn't have to do with your age.