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    5. How much money do you have to make to file taxes?
    How much money do you have to make to file taxes?

    I live on disability and I know the amount I draw doesn't need to filed. But I was just wondering how much money you make before filing a tax return.

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    0  Views: 490 Answers: 1 Posted: 12 years ago
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      The standard deduction and exemption for a single person is $9500 ($5800 + $3700). If your income is less than that, you don't need to file, but if you have any withholding, you can get that refunded.  Also, if you have children, or are between the ages of 25 and 65, you may be entitled to Earned Income Credits. There are caps for eligibility  based on income and number of children.
      Contact a tax prep agency like H&R Block for information, or www.irs.gov  on the internet. 

      12 years ago. Rating: 0
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