What is the Amount of Income Required To File a Tax Return?
Hi,
(1) Can somebody please tell me what amount of income requires you to file a federal & state & social security taxes for each of the year since 1990 ? ( I mean filing Requirement for an unmarried single Person ) I need to know for each of those years.I am single unmarried individual.
(2) If my income is below the filing requirement amount, am I still suppose to file for a state tax return ? If yes where can I get the tax rate table & forms for all those years ?
(3) If income is below the filing requirement amount, am I suppose to file for social security tax ? If yes, where can I get the tax rate tables & forms for all those years ?
(4) Where can I find the tax rate schedules for each of those years for all 3 Federal, state & Social security taxes ?
(5) If the filing requirement amount was say $10,000.00, is that amount after the standard deduction of $3600.00 for an individual or how does it work ?
I would really appreciate all the help.
Thank You.
You need to talk with a tax professional. If you haven't filed taxes since 1990, you need more help than we can give you here.
11. For 2007, your standard deduction is $5,350 and exemption deduction is $3,400. If your total income up to $8,750 ($5,350 plus $3,400) you need not file, except if you were self-employed. For self-employed, if the self-employment income is $400 or more, you must file.
Self employed persons must pay self-employment tax (social security and medicare) at 15.3%.
2. For 2006, you must file if your total income was $8,400 or more. Self employment income of $400 or more.
3. Start with your 2006 return. Complete your 2006 return and file. You will get answers to most of your questions. Then file your previous returns if required.
4. Go to http://www.irs.gov and open all the previous years Form 1040. It will have the standard deduction and exemption deduction for the year.
2mukat a is right on the money..no pun intended
3You have to file if your gross income exceeds your personal exemption and standard deduction. In 2006, for a single person under age 65, you must file if gross income was at least $8,450. I have no idea since 1990 and you may need to see a local tax professional in your immediate area. Amounts change every year. What a lot of people do not realize is this, they may not be required to file taxes but in order to receive all of their tax witholdings they have to file. So if a person who didn't file their taxes from 1990 through 2003 and was entitled to receive their tax withholdings, lost all of that money. To obtain a refund, a person must file the return within three years of the due date.
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