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| *Ostroff, Fair and Company>>>United States Taxes |
Whats the least amount of money you can make in one yr befor you donthave to file your taxes? |
Whats the least amount of money you can make in one yr befor you donthave to file your taxes? If you're filing single and claim yourself, then you wouldn't have to file unless your income exceeded $8,450. If someone can claim you as a dependent, you would need to file if your income was over $5,150. However, if you had self-employment income of at least $400 you would need to file a tax return. Source(s): http://www.irs.gov/pub/irs-pdf/i1040.pdf... The least amount of money you can make in one year would be 0, and you don't have to pay taxes on that. And you can earn up to $600 (six hundred dollars, UP to but not including, so technically 599.99) of income per year that you do not have to declare at all. It depends on your filing status, dependency status, and the source of the income. If you made over $400 from self-employment, you have to file. If your income wasn't from self-employment, and you are single and can't be claimed as a dependent of anyone, you can earn up to $8150 before you are required to file. There are a number of other limits, depending on your circumstances. For more detail, see IRS Publication 17, Chapter 1 - you can download it at irs.gov |
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