Question

Do I have to file my taxes 2016

Forum|Forum|7 years ago
June 1, 2019
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MichaelDC

Employee

Even though you're not required to file, you may still want to in order to claim a refund, if any.

The Gross income requirements for each filing status (If your income is below these, you don't need to file.)

Single: $10,300 if under age 65. $11,900 if 65 and older.
Married filing jointly: $20,700 if both under 65. ...
Married filing separately -- $4,050 at any age.
Qualifying widow(er) with a dependent child: $16,650 if under 65. ...
Head of household: $13,350 if under 65.

The IRS increases the standard deduction amount for taxpayers who are 65 or older by the end of the tax year. As a consequence, the income threshold you use to evaluate whether you should file a tax return increases by $1,000. If your 65th birthday falls on January 1, you can take the larger standard deduction for the prior tax year since the IRS treats you as being 65 on December 31.

When other taxpayers, such as your parents, are eligible to claim you as a dependent on their own tax return, you still may need to file your own return — but you can't claim a personal exemption. You will need to file a return if your earned income is greater than $4,050. However, if the total of your unearned income is more than $1,000, you need to file a return even if it is not required by your earned income. Unearned income covers all other earnings, such as taxable interest, dividends, and capital gains that aren't the result of performing services.