2007-05-29 19:12:09 · 3 answers · asked by m s 1 in Business & Finance ➔ Taxes ➔ United States
Basically, if you have taxable income, you could need to file a tax return the year you were born.
2007-05-30 02:43:46 · answer #1 · answered by Anonymous · 1⤊ 0⤋
At birth, if your income is high enough. Filing tax returns and paying taxes is based upon income, not age. Of course, an infant's return would be filed by their parents but it would be in the child's name.
The poster below is on the right track, but the numbers are 2 or 3 years old. For tax year 2007, the filing requirement amount for a single taxpayer under 65 and not claimed as a dependent by another taxpayer is $8,750, not $8,200 as stated.
2007-05-29 19:14:58 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 1⤋
Single, under 65, and your gross income was at least $8,200.
Single, 65 or older, and your gross income was at least $9,450.
Married, filing a joint return, you or your spouse were both under 65, and your gross income was at least $16,400.
Married, filing a joint return, one spouse is 65 or older, and your gross income was at least $17,400.
Married, filing a joint return, both you and your spouse were 65 or older, and your gross income was at least $18,400.
Married, filing a separate return, and your gross income was at least $3,200 regardless of your age.
Head of household, under 65, and your gross income was at least $10, 500.
Head of household, 65 or older, and your gross income was at least $11,750.
Qualifying widow or widower with a dependent child, you were under 65, and your gross income was at least $13,200.
Qualifying widow or widower with a dependent child, you were 65 or older, and your gross income was at least $14,200.
2007-05-29 19:18:42 · answer #3 · answered by realsaltlakesoccer 1 · 1⤊ 2⤋