Did you know that not everyone is required to file a federal tax return? Whether you are required to file is dependent upon various factors, some of which include: age, filing status and income.
Are you claimed as a dependent of another person? If so, you may not need to file if you had gross income less than $6,300 and unearned income less than $1,050.
What if you are not a dependent of someone else? Well, you may not need to file a tax return if your gross income is less than the minimum filing requirement. See Table 1-1 for the Filing Requirements Gross Income Table by Filing Status to determine if you qualify.
If you fall below the gross income filing requirement for your specific filing status, that does not necessarily mean you do not need to file. Following are some cases where you will still need to file your return:
- You had Self-employment income of $400 or more
- You received Unemployment income
- You received distributions from a Health Savings Account or Medical Savings Account
- You enrolled in health insurance through the Health Insurance Marketplace and received a Premium tax credit
Even if you are not required to file a federal tax return, it may be beneficial. The most important of these is to request a refund of overpaid taxes if you are entitled to refund. Some other examples include:
- If you qualify for Earned Income Tax Credit.
- If you qualify for the Additional Child Tax Credit.
- If you qualify for education credits.
If you are still uncertain if a federal tax return is required, use this IRS interactive tool.