6/3/2023 0 Comments How to file taxes![]() Dependent status. In some cases, you might still be claimed by your parents.But here’s a look at what you should try to collect: ![]() ![]() The exact documents you need will depend on your financial situation. Gather your information. Before you can file your taxes, you’ll need to gather some documents. You can use this helpful tool from the IRS to confirm your status. Married taxpayers filing separately must file when income is above $5, and widowers file if they earned over $25,100 ($26,450 for those 65 and older). In that case, you wouldn’t have to file taxes.įor 2021, individuals who earned over $12,550 ($14,250 for those age 65 and older), heads of household who made more than $18,800 ($20,500 for those 65 and older) and joint filers with income above $25,100 ($26,450 with one spouse 65 and older, and $27,800 with both spouses 65 and older) must file an income tax return. That’s right! In certain situations, you might not have to file taxes.įor example, let’s say that you are an unmarried 25-year-old who earned less than $12,500 in 2021. Tax time is here! The filing deadline for your 2021 tax return is April 18, 2022. Here are steps before you file taxes for the first time.įind out if you need to file. Before you start worrying about filing your taxes, find out if you need to file at all.
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