If you make more than than $600 per year, your employer should withhold federal tax. At the end of the year, you may not owe any income tax, but it may be to your advantage to file in order to get your refund.
2007-11-10 10:14:34
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answer #1
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answered by Computer Guy 7
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The last time i checked it was I believe 7,350 dollars. I may be off but by no more than a few hundred dollars though. I know because a few years ago I made less than 7000 and at that time the IRS said if i didnt make more than 7000 at the time, i didnt have to file. But the maximum goes up ever year i believe and I think last year it was 7350.
Even if you dont make that much, you might get some credits (money back) so you should file anyway.
2007-11-10 18:16:45
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answer #2
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answered by Anonymous
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That depends on a lot of things. If the money is earned from self-employment, the limit to not have to file is $399 for the year. If you have a job where social security and medicare is taken out, then if you're single and a dependent you can earn $5350 in 2007 and not have to file; if you're single and NOT a dependent the limit is $8750 - for other filing statuses like if you're married, or if you're over age 65, there are other limits.
2007-11-10 18:31:44
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answer #3
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answered by Judy 7
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If you are single and no one claims you as dependent, then this amount is $8,750 ($5,350 + $3,400). If your total income is less than $8,750, then you don't need to file the return.
You should still file if you expect a refund.
You must file if your self employment income is $400 or more.
2007-11-10 22:24:36
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answer #4
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answered by MukatA 6
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If you earn anything at all, you are supposed to file a federal income tax report, either 1040, 1040a, or 1040ez. That doesn't mean though, that you'd be liable to owe anything at the end of the year./
2007-11-10 18:07:31
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answer #5
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answered by PacificHR S 6
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