Do You Need to File Taxes This Year? Tax pros say they field two related questions all the time regarding tax-filing requirements. They are: Do I need to file a tax return, and how much do you have to make to file taxes? The answer to either question is pretty simple, if you’re just considering income. But experts say there are some other considerations, especially because you might be entitled to a refund you wouldn’t otherwise be how Much Money Do I Owe You to claim.
If you’re wondering if you need to file taxes in 2018, read on. 10,400, you generally do not have to file taxes this year. The rules are different for older people. Even if you technically don’t have to file a tax return, you might want to. If you’re below any of these thresholds, you might want to file anyway because there are some sizable tax breaks available, especially if you have kids or if you’re paying for education. 2,500 if you paid for qualifying educational expenses — including tuition, books, and other course materials — for yourself or a dependent in 2017. To qualify for the EITC, you must have earned some income, and the caps for eligibility are higher than you might imagine.
Finally, your health insurance status might compel you to file taxes for 2017. Regardless of how much you make, you’ll need to file taxes if you get a credit on health insurance premiums through the Affordable Care Act, Greene-Lewis said. If you purchased health insurance through the marketplace, you should have received a form 1095-A. We’ve included affiliate links into this article.
How Much Money Do I Owe You In Our Generation
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