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Submitted: 627 days and 17 hours ago.

Category: Tax

Value: $15

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Greetings,
Married filing jointly, both under 65, with the standard deduction and no dependents or other credits can have income of $ 17,550 before there is any taxable income.
If there is self employment income of more than $400 there will be self employment tax.
I hope this helps.

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Expert:	John Gordos EA
Pos. Feedback:	99.8 %
Answered:	3/5/2008

Enrolled Agent

I have prepared individual, trust, partnership, and corporate taxes since 1987.

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Greetings, Married filing jointly, both under 65, with the standard deduction and no dependents or other credits can have income of $ 17,550 before there is any taxable income. If there is self employment income of more than $400 there will be self employment tax. I hope this helps.

Related Tax Questions

Greetings,
Married filing jointly, both under 65, with the standard deduction and no dependents or other credits can have income of $ 17,550 before there is any taxable income.
If there is self employment income of more than $400 there will be self employment tax.
I hope this helps.