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    when do you not have to file income tax?

    0  Views: 364 Answers: 5 Posted: 13 years ago

    5 Answers

    When you do not owe money to the government due to a large income. You don't even have to file if you're owed a refund.
    Not a simple question anymore:
    1-Did you have Federal taxes withheld from your pension and wages for this tax year and wish to get a refund back?
    2-Are you entitled to the Earned Income Tax Credit or did you receive Advance Earned Income Credit for this tax year?
    3-Were you self-employed with earnings of more than $400.00?
    4-Did you sell your home?
    5-Will you owe any special tax on a qualified retirement plan (including an individual retirement account (IRA) or medical savings account (MSA)? You may owe tax if you:
    a-Received an early distribution from a qualified plan
    b-Made excess contributions to your IRA or MSA
    c-Were born before July 1, 1939, and you did not take the minimum required distribution from your qualified retirement plan.
    d-Received a distribution in the excess of $160,000 from a qualified retirement plan.
    6-Will you owe social security and Medicare tax on tips you did not report to your employer?
    7-Will you owe uncollected social security and Medicare or Railroad retirement (RRTA) tax on tips you reported to your employer?
    8-Will you be subject to Alternative Minimum Tax (AMT)? (The tax law gives special treatment to some kinds of income and allows special deductions and credit for some kinds of expenses.)
    9-Will you owe recapture tax?
    10-Are you a church employee with income in wages of $108.28 or more from a church or qualified church-controlled organization that is exempt from employer social security or Medicare taxes?
    When you die.
    When you don't earn money in the year for filing.
    when you die or if you would rather go to prison!


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