do you have to file taxes if you don't make money?
5875
Income requirements Even if you earned income last year, if it falls below the IRS minimum you don't have to file a tax return. ... If you have no income, however, you aren't obligated to file.
400813
Some people don't need to file taxes every year. ... Once you reach a certain income level, the law usually requires you to file taxes. The amounts are adjusted annually for inflation. If your gross income for 2018 is above the thresholds for your age and filing status, you must file a federal tax return next year.
622139
Whether or not you have to file your taxes depends on your retirement income source, as well as how much you draw out of it within the tax year. Retirees whose only source of retirement income is social security won't owe any federal taxes. As such, they don't need to file a tax return.
1116842
If you didn't work at all during the year, you won't have any earned income. However, you might have unearned income, such as interest and dividends from investments. The IRS sets minimum income levels that vary depending on your filing status. ... A dependent with unearned income of $950 also has to file a tax return.
887023
Therefore, you will need to report this income on your tax return. If you never filed a return in a previous year that you were unemployed, you'll still need to do so. ... That means if you didn't have enough money to file your taxes in a prior year or had no idea you needed to file, you'll still be able to do so.
1087674
If Social Security is your only source of income, then generally you do not need to file a tax return, of course there may be other reasons that you need to file a return. Social security income includes: Disability benefits. ... Monthly retirement benefits.
378518
Generally, you must file a New York State income tax return if you're a New York State resident and are required to file a federal return. You may also have to file a New York State return if you're a nonresident of New York and you have income from New York State sources.
578537
Filing a federal return – Many states will require you to file state taxes if you're also required to file federal taxes. ... Getting a refund – If you've had more state income taxes withheld from your paycheck than you owe, you could have a refund coming. However, the state won't send you the refund automatically.
1424176
The bottom line is this: Retirees whose only source of income is Social Security generally have no taxes due and therefore don't need to file a return. ... For starters the IRS uses your “combined income” to determine how much of your Social Security benefits are taxable, if any.
192933
The IRS requires you to file a tax return when your gross income exceeds the sum of the standard deduction for your filing status plus one exemption amount. ... If Social Security is your sole source of income, then you don't need to file a tax return.
178668
Generally, the answer is NO. Unless you are selling as a business such as Ebay, etc to make income. Although the IRS has a reputation for trying to get a piece of just about every cent we bring in, when it comes to the occasional garage or yard sale, you generally do not have to report the sales amounts as income.
653226
No. Even if you don't earn income, this does not make you a dependent for tax purposes. ... Married couples filing jointly generally have lower taxes and can claim more in deductions and credits than those who file as head of household, or even as married filing separately.
274441
Most people in Canada will have to file a tax return, even if they made no income. However, to make it easy for you, here is a list from the government, specifying when you have to file your taxes. You have to pay tax for 2017.
425154
If public assistance welfare payments are your sole source of cash income, you don't need to include them on your tax return. ... Check with a qualified tax professional, however. You may still want to file taxes in order to qualify for any refunds or tax exemptions for which you qualify during the year.
1010960
Generally, if Social Security is your only income, your benefits are not taxable, and you probably do not need to file a federal income tax return. But there are times when the Internal Revenue Service might indeed want a piece of your Social Security, depending on your total income and marital status.
204174
Do I File a Tax Return if I Didn't Work but Have a Dependent Child? You must file a tax return to claim the Earned Income Tax Credit. If you meet the income and other filing requirements, the IRS requires you to file an annual tax return.
1223634
In fact, you should still file your taxes even if you do not owe any money. Filing taxes late when you don't owe Canada Revenue Agency any money is still a mistake.