How much money do you have to make to file taxes? What is the minimum income to file taxes? Every year, those are familiar questions that I get. Let’s take a look at the requirements for the minimum income to file taxes in 2010.
2010 Minimum Income Requirements
For the 2010 tax year, you need to file taxes if your gross income meets the minimum income for your filing status and age:
However, there is an exception to this rule if half of your social security benefits plus your other gross income is more than $25,000 ($32,000 if married filing jointly). Once that happens, you’ll need to file a 2010 tax return. Married filing separate also have different social security rules.
Other Income Sources
There are special rules for self employment earnings and church earnings. You must file taxes if your:
Self employment net earnings are greater than $400.
Church earnings are greater than $108.28 and are exempt from employer Social Security and Medicare.
If you earn enough money to file a tax return, you must file your tax return by the tax deadline.
Other Tax Filing Requirements
In addition to the income requirements, there are other circumstances when you must file a tax return. One example is if you sold your home. For all the requirements, see Publication 17.
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