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Who must file. Most U.S. citizens or permanent residents who work in the U.S. have to file a tax return. Generally, you need to file if: Your income is over the filing requirement. You have over $400 in net earnings from self-employment (side jobs or other independent work) You had other situations that require you to file.
For the 2022 tax year, if your gross income exceeds specific thresholds (e.g., $12,950 for single filers under 65), you must file. Self-employed individuals must file if they earn $400 or more. Even if you're not required to file, doing so might get you a refund or tax credits.
According to the IRS, here's how much you have to have made in 2023 to be required to file taxes in 2024 and the general rules for whether you need to file a federal tax return this year.
At a glance. The minimum income amount depends on your filing status and age. In 2023, for example, the minimum for Single filing status if under age 65 is $13,850. If your income is below that threshold, you generally do not need to file a federal tax return. At tax time, not everyone needs to file a tax return before Tax Day in the United States.
See current federal tax brackets and rates based on your income and filing status. You pay tax as a percentage of your income in layers called tax brackets. As your income goes up, the tax rate on the next layer of income is higher.
For example, in the year 2021, the maximum earning before paying taxes for a single person under the age of 65 was $12,550. If you’re unsure how to file taxes and whether you need to, this article will guide you through the process and the considerations involved.
FS-2024-02, Feb. 2024. Most U.S. citizens and permanent residents who work in the United States need to file a tax return if they make more than a certain amount for the year. The IRS has a variety of information available on IRS.gov to help taxpayers, including a special free help page.