What Is the Maximum You Can Earn & Not File Federal Income Taxes?
Each year, most individuals who have earned wages are responsible for filing a federal income tax return. A taxpayer should know the maximum he can earn and not have to file a tax return.
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Filing Status
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A taxpayer must determine his filing status to know if it is necessary to file a return. Examples of filing status are single, married filing jointly or separately, head of household or widow with a qualifying child.
Age
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Taxpayers over age 65 have a higher allowed limit of gross income than taxpayers under age 65.
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Maximum Income 65 and Older
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As of 2010, a taxpayer must file a tax return if his maximum gross income is above $10,750 and he is 65 or older with a filing status of single. For a married couple filing jointly, it is $19,800 for one spouse and $20,900 for two spouses. For head of household, it is $13,400 and for a qualifying widow with a dependent child, it is $16,150.
Maximum Income Under 65
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As of 2010, the maximum gross income under 65 when filing as single is $9,350 and married filing jointly is $18,700. For head of household filing status, the limit is $12,000 and $15,050 for a widow with a qualifying child.
Married Filing Separately
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A taxpayer whose filing status is married filing separately has a maximum income limit of $3,650 at any age, as of 2010.
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References
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