2007-11-15 14:59:04 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
If you're not the dependent of another taxpayer it depends upon your filing status. For a Single taxpayer that would be $8,750 for 2007. It is adjusted for inflation annually so it will go up a bit in 2008.
If you are the dependent of another taxpayer and under age 65 you generally must file if your unearned income is $850 or more. However it can be as low as $5 under certain unusual circumstances.
See IRS Pub 501 for a complete explanation.
2007-11-15 15:32:47 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
If you are single, under age 65, and not a dependent, you generally can have income up to $8,750 in 2007 and not be required to file a tax return.
If you are single, under age 65, not blind, but a dependent, you generally have to file a return if your investment income is over $850.
A full detailed treatment of this appears in IRS Pub 501.
http://www.irs.gov/publications/p501/ar02.html#d0e943
2007-11-16 01:44:46 · answer #2 · answered by ninasgramma 7 · 0⤊ 0⤋
If you make more than $8,000 USD you have to file taxes...
www.irs.gov for more info.
2007-11-15 15:24:30 · answer #3 · answered by I Speak the Truth 5 · 0⤊ 2⤋