- No matter what age you are, if you make a certain amount of income, you will have to pay taxes.
- Single people under the age of 65 have to pay taxes if earned income is more than $8,500; single people over the age of 65 have to pay taxes if their earned income is more than $10,300.
- Married couples under the age of 65, if filing jointly, have to pay taxes if the earned income is more than $17,000. Married couples, where one person is under 65 and one person is over 65, have to file if earned income is more than $18,950. If both people are over 65, they have to file if the income exceeds $20,000.
- The Internal Revenue Service defines gross income as any form of money, goods, property and services that are not exempt from tax.
- The income tax year runs from January 1 to December 31. The Internal Revenue Service operates on a calendar year, not a fiscal year.
- An infant is required to file and pay federal taxes when investments are made in the child's name.










