Do I need to File a Tax Return?

4/22/2019

It depends.

It depends on your filing status, your age and your income. See below:

Filing Status	Age	Gross Income
Single	Under age 65	$12,200
Single	At least age 65	$13,850
Married Filing Jointly	Both under age 65	$24,400
Married Filing Jointly	At least one spouse age 65	$25,700
Married Filing Jointly	Both at least age 65	$27,000
Married Filing Separately	Any age	$5
Qualifying Widow(er)	Under age 65	$24,400
Qualifying Widow(er)	At least age 65	$25,700
Head of Household	Under age 65	$18,350
Head of Household	At least age 65	$20,000

Notice that you can be any age and for Married Filing Separately with a Gross Income of $5.00

Also You need to File is any of the following apply:

If you owe special recapture tax like the homebuyer’s tax credit
Earned Household Employment Tax
If you owe the government for unreported tips tax
If you are Self Employed and net earnings is $400 or more (Income minus expense)

If you have any questions regarding this table please or any other tax needs, contact us.

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Important Disclosures

Spencer Accounting Group, LLC does not provide investment, tax, legal, or retirement advice or recommendations in these blogs. The information presented here is not specific to any individual's personal circumstances.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

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Author

Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion. Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.

Keana founded this website and decided and created this blog page to offer a space for those seeking knowledge to understand, however not to be confused with advice or planning strategies.

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