Independent Articles and Advice
Login | Register
Finance | Life | Recreation | Technology | Travel | Shopping | Odds & Ends
Top Writers | Write For Us


PRINT |  FULL TEXT PAGES:  1 2 3 4 5 6
Do I Need to File a U.S. Federal Income Tax Return? 
 
by kmhagen June 27, 2005

Summary

To determine whether you need to file a federal income tax return, you will need to ask yourself the following questions:

  • Is my gross income over the limit according to the chart of filing requirements for most people, based on my filing status and age?
  • Can I be claimed as a dependent by another person?  If so:
    • What was my unearned income
    • What was my earned income
    • What was my gross income?
    • If married, is my spouse filing separately and itemizing deductions?
  • Did I have at least $400 from self-employment?
  • Do I owe any special taxes?
  • Did I receive an advance earned income credit payment from my employer?

Based on your answers to the above questions, you can determine whether you are required to file a return.

To determine whether you should file a return, even if you are not required to file, you should see whether you qualify for any special tax benefits, such as the earned income credit.  And you should go through the exercise of calculating your tax to see if too much tax may have been withheld from your pay.  In either case, by filing a return you can get a refund.

PREV PAGE 1 2 3 4 5 6 NEXT PAGE

 




Home  |  Write For Us  |  FAQ  |  Copyright Policy  |  Disclaimer  |  Link to Us  |  About  |  Contact

© 2005 GoogoBits.com. All Rights Reserved.