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☆ Do I Have to File Taxes for 2024? A Guide to Filing Requirements
  + stars: | 2024-12-31 | by ( Tanza Loudenback | Read More | Read Less | ) www.businessinsider.com   time to read: +12 min
Not "losing" a portion of your paycheck to income taxes may sound nice to some, but it's not a luxury. Millions of Americans don't owe taxes on their income and aren't required to file a tax return because they don't earn enough money. And some taxes are certain for everyone, regardless of income, including sales taxes, excise taxes, and property taxes. 2024 filing requirements based on income and filing statusEvery taxpayer is entitled to an annual standard deduction — a portion of income not subject to income tax. In addition to helping build the vertical from the ground up, she helmed a biweekly advice column answering readers’ personal finance questions and launched a personal finance newsletter.
Persons: it's, filers, TurboTax, you've, I'm, Morgan, Tanza, Read Organizations: IRS, Security, Medicare, Free, Child Tax, NEC, TurboTax, Tax, Care, American, Archer MSA, IRS Interactive, Finance, Morgan Stanley Wealth Management, Fidelity, BI, Elon University Locations: U.S, Chevron, TheStreet
☆ How much do you have to make to file taxes? Here are the benchmarks for the 2022 tax year
  + stars: | 2022-03-04 | by ( Tanza Loudenback | Luis F. Rosa | Cfp | ) www.businessinsider.com   time to read: +11 min
Quick tip: Even if you aren't required to file a tax return, you'll need to if you want to get a refund of overpaid taxes or claim refundable credits such as the earned income tax credit (EITC) or child tax credit (CTC). Requirements to file if you're a dependentPeople who are claimed as an adult or child dependent have to file a tax return in some situations. Also, if you qualify for any of the following tax credits, you should file to get your refund:Earned income tax creditChild tax credit or additional child tax creditChild and dependent care creditAmerican opportunity tax credit (partially refundable)Credit for federal tax on fuelsPremium tax creditHealth coverage tax creditRecovery rebate credit (aka economic impact payments)Credits for sick and family leaveNotes: The IRS begins issuing refunds for the child tax credit and the earned income tax credit in mid-February. Millions of Americans don't owe taxes on their income and aren't required to file a tax return because they don't earn enough money. And some taxes are certain for everyone, regardless of income, including sales taxes, excise taxes, and property taxes.
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