Do I need to file a tax return if I don't owe taxes?

The requirement to file a federal income tax return depends on several factors, including your gross income, filing status, age, and dependency status. Below are the general income thresholds for the 2024 tax year:

• Single Filers:
  • Under 65: Must file if gross income exceeds $14,600.
  • 65 or older: Must file if gross income exceeds $16,550.
• Married Filing Jointly:
  • Both spouses under 65: Must file if gross income exceeds $29,200.
  • One spouse 65 or older: Must file if gross income exceeds $30,750.
  • Both spouses 65 or older: Must file if gross income exceeds $32,300.
• Head of Household:
  • Under 65: Must file if gross income exceeds $21,900.
  • 65 or older: Must file if gross income exceeds $23,850.
• Married Filing Separately: Must file if gross income exceeds $5, regardless of age.
• Qualifying Widow(er) with Dependent Child:
  • Under 65: Must file if gross income exceeds $29,200.
  • 65 or older: Must file if gross income exceeds $30,750.
• Dependents:
  • Under 65 and not blind:
    • Unearned income (e.g., interest, dividends): Must file if over $1,300.
    • Earned income (e.g., wages): Must file if over $14,600.
    • Gross income: Must file if more than the larger of $1,300 or earned income (up to $14,150) plus $450.
• Self-Employed Individuals: Must file if net earnings from self-employment are $400 or more.

These thresholds are based on the standard deduction amounts and other tax provisions for the 2024 tax year. Even if your income is below these levels, you may still want to file a tax return to claim refundable credits or if you had taxes withheld from your pay. For detailed information, consult the IRS guidelines or a tax professional.