{"id":134104,"date":"2023-02-12T00:00:00","date_gmt":"2023-02-12T00:00:00","guid":{"rendered":"https:\/\/trybeem.com\/blog\/do-i-need-to-file-tax-returns-and-why\/"},"modified":"2025-03-13T01:08:43","modified_gmt":"2025-03-13T01:08:43","slug":"do-i-need-to-file-tax-returns-and-why","status":"publish","type":"post","link":"https:\/\/trybeem.com\/blog\/do-i-need-to-file-tax-returns-and-why\/","title":{"rendered":"Do I Have to File Taxes? Understanding Your Obligations"},"content":{"rendered":"\n

Tax season is here and almost everyone around you is scrambling to file taxes. Are you worried? Is it all going over your head? Fret not. This article will tell you exactly if you need to file tax returns and why.<\/p>\n\n\n\n

Well, after considering everything, whether you need to file your federal tax returns with the IRS or not depends on certain conditions \u2013 your income, filing status, age, and whether you fall under a special circumstance.\u00a0<\/p>\n\n\n\n

What is a Tax Return?<\/h2>\n\n\n\n

A form filed annually by an individual or business with a tax authority that covers your income, expenses, and other relevant tax regarding information, that allows you to estimate the tax liability, schedule tax payments, and request refunds on the overpayment of taxes. <\/p>\n\n\n\n

You should consult a tax professional to understand how to file tax returns, what all tax obligations and concerns are, review Federal Tax brackets<\/a>, or know what circumstances you might face if you don’t file<\/a> one.<\/p>\n\n\n\n

How Much You Have to Make to File a Tax Return in 2023?<\/h2>\n\n\n\n

Depending upon your age and income status, here’s how much you have to make to file a federal income tax return- <\/p>\n\n\n\n

 <\/td>Under 65<\/strong><\/td>65 and older<\/strong><\/td><\/tr>
Single<\/strong><\/td>$12,950<\/td>$14,700<\/td><\/tr>
Married, filing jointly<\/strong><\/td>$25,900 if both spouses are under 65 years $27,300 if one spouse is under 65 years and another one 65 or older <\/td>$28,700 if both are 65 or older<\/td><\/tr>
Married, filing separately<\/a><\/strong><\/td>$5<\/td>$5<\/td><\/tr>
Head of household<\/strong><\/td>$19,400<\/td>$21,150<\/td><\/tr>
Qualifying widow(er)<\/strong><\/td>$25,900<\/td>$27,300<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

If you\u2019ve been claimed as a single dependent, the rule for income tax returns changes and applies as follows: <\/p>\n\n\n\n

 <\/td>Under 65<\/strong><\/td>65 and older<\/strong><\/td>65 or older and blind<\/strong><\/td><\/tr>
Unearned income  more than<\/strong><\/td>$1,150.<\/td>$2,900.<\/td>$4,650.<\/td><\/tr>
Earned income of more than<\/strong><\/td>$12,950.<\/td>$14,700.<\/td>$16,450.<\/td><\/tr>
Gross income was more than the larger of<\/strong><\/td>$1,150, or your earned income (up to $12,5500), plus $400. <\/td>$2,900, or your earned income (up to $12,550), plus $2,150. <\/td>$4,600, or your earned income (up to $12,550), plus $3,900. <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

If you\u2019ve been claimed as a married dependent, the rule for income tax returns changes and applies as follows:<\/p>\n\n\n\n

 <\/td>Under 65<\/strong><\/td>65 and older<\/strong><\/td>65 or older and blind<\/strong><\/td><\/tr>
Unearned income more than<\/strong><\/td>$1,150.<\/td>$2,550.<\/td>$3,950.<\/td><\/tr>
Earned income of more than<\/strong><\/td>$12,950.<\/td>$14,350.<\/td>$15,750.<\/td><\/tr>
Gross income is more than<\/strong><\/td>$1,150 or earned income (up to $12,550), plus $400. <\/td>$2,550, or earned income (up to $12,550), plus $1,800. <\/td>$3,950, or earned income (up to $12,550), plus $3,200. <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Other Circumstances to File Income Tax Returns<\/h2>\n\n\n\n