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Amount

Question: What is the Amount of Income Required To File a Tax Return? Hi, (1) Can somebody please tell me what amount of income requires you to file a federal & state & social security taxes for each of the year since 1990 ? ( I mean filing Requirement for an unmarried single Person ) I need to know for each of those years.I am single unmarried individual. (2) If my income is below the filing requirement amount, am I still suppose to file for a state tax return ? If yes where can I get the tax rate table & forms for all those years ? (3) If income is below the filing requirement amount, am I suppose to file for social security tax ? If yes, where can I get the tax rate tables & forms for all those years ? (4) Where can I find the tax rate schedules for each of those years for all 3 Federal, state & Social security taxes ? (5) If the filing requirement amount was say $10,000.00, is that amount after the standard deduction of $3600.00 for an individual or how does it work ? I would really appreciate all the help. Thank You.

Answer: (1) If you are a single, unmarried person with no self-employment income, and not a dependent, the filing requirements by year are: 1990 5300 1991 5550 1992 5900 1993 6050 1994 6250 1995 6400 1996 6550 1997 6800 1998 6950 1999 7050 2000 7200 2001 7450 2002 7700 2003 7800 2004 7950 2005 8200 2006 8450 2007 8750 If you had net self-employment income of $400 or more, you are required to file for any of the above years. (2) If you are required to file a federal return, you are usually required to file a state return. If you are not required to file a federal return, you are usually not required to file a state return. But there are exceptions. Contact your state Department of Revenue or equivalent for forms for back years. (3) No, unless you had net self-employment income of $400 or more. If you did have self-employment income of $400 or more, your Social Security and Medicare taxes are paid when you file your federal income tax return. It's the same form. (4) For the federal tax rate schedules, go to irs.gov and search for "Pub 17" for the year in question. The tax rate schedules are in that publication. You will have to contact your state DOR for the state tax rate schedules. The SS and Medicare rates haven't changed, it is 7.65% but is taken care of if you were paid wages. (5) The filing requirement in the case you describe is the sum of the standard deduction plus your personal exemption. So, it includes the standard deduction. The above is only an outline, you probably want to meet with a tax preparer and go over all your questions so you will know the best way to proceed.


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