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How to know if you need to file taxes

15

September, 2018

Finance
Taxes
Filing

New to Texas and unsure if you need to file? Here is a brief explanation in which you would have to file for the year so you don’t fall at fault.

You do have to file taxes if you fall in under any of these categories

+Single
-If you are under the age of 65 and a gross income of $10,400
-If you are over 65 and a gross income of $11,950

+Married filing jointly
-If both spouses are under the age of 65 with a gross income of $20,800
-If one spouse is 65 or older and a gross income of $22,050
-If both spouses are 65 or older with a gross income of $23,300

+Married filing separately
-(any age) with a gross income of $4,050

+Head of household
-If you are under the age of 65 and a gross income of $13,400
-If you are 65 and up with a gross income of $14,950

+Qualifying widow(er) with dependent child
-If you are under the age of 65 and a gross income of $16,750
-If you are 65 and up with a gross income of $18,000.

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Single dependents must file if

.
.
.
Single Dependent

If unearned income was more than
– If your unearned income was more than $1,050
-If you are over the age of 65 or blind and unearned income is $2,600
-If you are 65 and up and blind with an unearned income of $9,400

If earned income was more than
-If you earned more than $6,350
-If you are 65 and up or blind with more than $7,900 income
If you are 65 and up and blind with more than $9,400 income

If gross income was more than
-$1,050
-$2,600 if you are 65 and up or blind
-$4,150 if you are 65 and up and blind
or
-Earned income was up to $6000 plus $350
-$1,900 if you are 65 and up or blind
-$3,450 if you are 65 and up and blind

Married dependents must file if

Married dependent

If the gross income was at least
– $5 and your spouse file separate return and itemizes deductions
-If the unearned income was $1,050
-$2,300 if you are 65 and up or blind
-$3,550 if you are 65 and up and blind

If earned income was more than
-$6,350
-$7,600 if you are 65 and up or blind
-$8,850 if you are 65 and up and blind

If gross income was more than
-$1,050
-$2,300 if you are 65 and up or blind
-$3,550 if you are 65 and up and blind
or

– If earned income was up to $06,000 plus $350
-$1,600 if you are 65 and up or blind
-$2,850 if you are 65 and up and blind

It brings a great benefit knowing what filing status will be written on the next tax return. Not knowing can put you at a different position and can leave you in a pot hole.

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