How to Determine If You Have to File an Income Tax Return

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Individuals must file an income tax return if they earn more than $8,950 per year, though they will not owe any taxes at that rate of income. Find out if you need to file an income tax return with information from an IRS tax agent in this free video on personal finance.

Part of the Video Series: Paying Taxes
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Video Transcript

In this segment we will talk about how to determine if you need to file a tax return. If you have income in excess of 8,950 dollars in any single year, you need to file a tax return. At that rate of income you would not owe any tax but you do have to file the return. And for any amount above 8,950. You know your taxes are based on your adjusted gross income so that's how we arrive at a taxable amount or not. Thank you.

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