WebJan 3, 2024 · Using the Interactive Tax Assistant, $500 of social security is taxable. $500 + $11,000 (from the IRA) = $11,500 of taxable income. $11,500 < $12,550 (the filing threshold), so NO tax return has to be filed. Example 3: An SSI recipient is a single parent with one child and receives $30,000 in social security for 2024. Here's how to figure out if you should file a tax return this year: 1. Look at your income to see if you made the minimum required to file a tax return 2. Decide which filing statusis best for you (you may be required to file a tax return depending on your filing status, income and age) 3. If you're retired, find out if … See more Get money back.In some cases, you may get money back when you file your tax return. For example, if your employer withheld taxes from your paycheck, you may be owed a refund when you file your taxes. Avoid interest … See more

Tax Filing Deadlines 2024: When Are My Taxes Due? - CNET

Web14 hours ago · The penalty rate for failing to file is 5% of unpaid taxes for each month that a filing is late, with the penalty capped at 25% of unpaid taxes. For instance, a taxpayer … WebMar 17, 2024 · Not everyone needs to file a tax return—it can depend on many factors, including your income, employment and whether you expect a refund. Not all Americans … hugo boss reclame

Minimum Income Requirements for 2024 Tax Returns - The Balance

WebDec 4, 2024 · • Not everyone needs to file a tax return each year as several factors come into play when determining your filing requirements. • Generally, if you earn less than the … WebPartnership of tax agencies including Board of Equalization, California Department of Tax and Fee Administration, Employment Development Department, Franchise Tax Board, and Internal Revenue Service Web2 days ago · Deadline for filing income tax returns that have received extensions. If you request an extension, you'll have until October 16 to file your return. Importantly, that … hugo boss recycling