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Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 3093
Experience:  18+ years of experience in tax preparation; 25+ years of experience as a real estate/corporate paralegal.
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How much money can you make a year 2012 2013 2014 to not have

Customer Question

how much money can you make a year 2012 2013 2014 to not have to file a tax form?
Submitted: 1 year ago.
Category: Tax
Expert:  Robin D. replied 1 year ago.
Hello,Each year it is dependent on your filing status and income. For 2104 under 65 and single $10150.For 2012 Single $ 9,750For 2013 $10,000 Of course any year your self employment Gross (before expenses) is $400 or more you are required to file.
Expert:  Robin D. replied 1 year ago.
Please advise if you need more information.
Expert:  Barbara replied 1 year ago.
Different expert here - My name is ***** ***** please allow me to provide you with clarification as well as additional information you will find helpful.
As to self-employment income, you are required to file a tax return if the NET amount (after expenses) is $400 or more.
Additionally, even though you may not be required to file a tax return, you may want to do so. If you have federal taxes withheld from your paycheck, the only way you can receive a refund when excessive amounts are withheld is if you file a tax return. For example, if you are a single taxpayer who earns $2,500 during the year, with $300 withheld for federal tax, then you are entitled to a refund for the entire $300 since you earned less than the income threshold to file a tax return. The IRS does not automatically issue refunds without a tax return being filed.
I hope this additional information is useful.
Thank you and best regards,
Barb