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2007-11-28 10:15:01 · 3 answers · asked by Sean E 1 in Business & Finance Taxes United States

3 answers

The minimum taxable income is 1 cent.

Now if what you really want to know is do i have a filing requirement the answer is could be as low as $1 if you recieved any advanced EIC in your paychek.

$108.28 if employed by a church that dosen't take out social security taxes

$400 If you are self employed

$850 if you are a dependent

$8450 for most single people under 65



see table 1,2,and 3 in pub 501

2007-11-28 18:41:19 · answer #1 · answered by Charlie & Angie G 4 · 1 0

Depends on the source of the income, and on your personal situation.

For income from self-employment, it's $400.

For income as an employee, it's $5350 and up depending on your filing status, or could be even less if you are married filing separately.

2007-11-28 18:32:35 · answer #2 · answered by Judy 7 · 1 0

Zero

2007-11-28 18:18:31 · answer #3 · answered by optitkl 3 · 0 1

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