Do I Have to File a Tax Return?

Very popular question – here is the answer! You must file a federal income tax return if your income is above a certain level; which varies depending on your filing status, age and the type of income you receive. Check out these handy tax filing requirement charts to find out if you need to file.

Even if you are not required to file it may be beneficial to do so if you had federal income tax withheld or if you qualify for credits such as the Making Work Pay Credit, Earned Income Tax Credit, Additional Child Tax Credit, American Opportunity Credit, First-Time Homebuyer Credit, or the Health Coverage Tax Credit.

Simply Taxes, LLC is a local year-round tax preparation firm with an office located in North Raleigh. Our Raleigh accountants are ready to assist you with your questions pertaining to this tax topic and others.

The information contained within this article is for general guidance only. As such, it should not be used as a substitute for consulting with professional accounting, tax, legal or other competent advisers.

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