Rossen Reports: These people don맥스카지노t need to file taxes, do you qualify?
If you don맥스카지노t HAVE to file your taxes, why should you? Let맥스카지노s the groups of people that DON맥스카지노T have to file.
If you're under 65: If your 2023 gross income was less than $13,850 as a single filer, and $27,700 if married filing jointly, you don't have to file.
If you're over the age of 65: If your income was under $15,700 as a single filer, and $30,700 if married filing jointly, you don't have to file a federal tax return.
Another question many people have 맥스카지노 what if I맥스카지노m on Social Security? Do I still need to file my taxes?
If the only income you receive is your Social Security benefits, then you typically don't have to file a federal income tax return.
BUT, if you have other sources of retirement income, like a 401(k) or a part-time job 맥스카지노 then you need to file.
A quick way to see if you맥스카지노re going to pay taxes on your Social Security income is to take half of your benefits and add that amount to all your other income, including tax-exempt interest. If that number is above $25,000 for a single filer and $32,000 for joint filers 맥스카지노 you맥스카지노ll likely have to pay taxes. .
Here맥스카지노s the thing 맥스카지노 even if you don맥스카지노t HAVE to file your taxes, it맥스카지노s a good idea to do it anyway.
You might qualify for a tax break that could bring you some money. Plus, if you haven't had to file in a few years, you may be eligible for tax breaks from the past three years.
If you맥스카지노re unsure, it맥스카지노s always a good idea to talk to a financial professional.
**Have a question for Jeff Rossen? He맥스카지노s answering your consumer questions every Friday in the new segment 맥스카지노Rossen Responds.맥스카지노 Email your questions to him at RossenResponds@hearst.com.**