What is Filing requirements?
In short
An individual generally must file a federal income tax return if gross income is at least the standard deduction for their filing status, including any extra amount for age or blindness.
Key takeaways
- Anyone with net self-employment earnings of $400 or more must file.
- Dependents have separate thresholds based on earned and unearned income.
- People below the threshold may still file to claim a refund of withholding or a refundable credit.
Where it's tested
REG: Filing Status, Credits & Alternative Minimum Tax — study notes, a five-minute revision sheet and practice questions.
Practise: 3 questions
Question 1 of 3 · 0 answered
An unmarried taxpayer pays more than half the cost of maintaining a separate household that is the principal residence of the taxpayer's dependent mother. The mother does not live with the taxpayer. What filing status may the taxpayer use?