You are NOT Required to File a Tax Return in These Situations

Do I need to file a tax return? Do I need to file taxes? This is a common question that our clients ask us. If you are asking the question of do I need to do a tax return, then you've come to the right video.

In this video, we discuss minimum income to file taxes. This is very relevant for students, perhaps you are a student and asking do students have to file a a tax return?

Perhaps you just want to know how much do you have to make to file taxes. I hope this video helps clarify who is required to file a tax return. It is also very commonly asked by a parent does my child need to file a tax return. Does my kid have to file taxes? Yes, we cover that topic too.

We help you navigate the tax rules of the IRS and your filing requirements based on your income and your standard deduction. Your standard deduction is usually what determines whether you need to file a tax return or not. However, it is always depending upon your unique situation. There are special rules for self-employed individuals subject to self-employment taxes. These are the sole proprietors subject to sole proprietorship taxes. The rules are different for these people compared to taxpayers that are earning taxable income on a W-2, which is employee wage income.

If you are not filing taxes then we hope you watch this video to make sure you qualify to be a person not filing taxes with the IRS for your federal income taxes.

ClearValue Tax and affiliates and related parties do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.