Ask Experts Questions for FREE Help !
Ask
    pej929's Avatar
    pej929 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 12, 2008, 05:11 PM
    Minimum income for filing 2007 tax return
    What is the minimum income you must earn to be required to file a 2007 individual federal income tax return as a single dependent?
    N0help4u's Avatar
    N0help4u Posts: 19,823, Reputation: 2035
    Uber Member
    		  
    #2

    Apr 12, 2008, 05:30 PM
    I heard around $3,000.
    Not knowing your income I would suggest you file out a 1040a if you have taxable income you may be eligible for the $300. Rebate. You definitely should be eligible for Earned Income Credit. If you made very little you should get back what you have paid into taxes.
    I made $903.00 paid $41.00 fed tax and $28.00 state tax. I am getting the $41. And the $28. Back plus $71.00 Earned income credit. Since I am getting my taxes back I didn't qualify for the rebate.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #3

    Apr 12, 2008, 10:09 PM
    Single dependents, you must file a return if any of the following apply.
    • Your unearned income was more than $850.
    • Your earned income was more than $5,350.
    • Your gross income was more than the larger of:$850 (for 2008 $900), or Your earned income (up to $5,050) plus $300.
    • Yourself employed income is $400 or more.

    Read: Your U.S. Tax Return: Filing Requirement for a Dependent
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Minimum income without filing federal taxes? [ 12 Answers ]

I babysit for a friend, it is my only income, and not much at that. What is the minimum amount I can make without filing taxes?

I filed 2007 Tax return married filing jointly and used ITIN for my wife now got SSN [ 1 Answers ]

Hi: I filed my 2007 tax return(Married filing jointly) but I used ITIN for my wife, I heard to eligible for economic stimulas package both should have SSN, Now my wife received SSN , is there any possibility to amend my 2007 tax return with my wife SSN? Do you think that way I am eligible for...

Income Tax Return 2007 [ 1 Answers ]

Hi All, I entered USA in Sept. 2001 as a F-1 student and filed tax return using following forms: (I) 2001- 1040NR-EZ. (ii) 2002-2006- 1040NR (once my family joined, wife and two kids) From 2001-2006, I was on assistantship. In January of 2007, I paid tuition fees and graduated by March,...

Filing 1099's W/$0 income-2007 tax yr. Is a refund possible? [ 15 Answers ]

Hello, This is my very first time on the ask me desk. Here is my question- Filing 1099's W/$0 income for the 2007 tax year. Yes folks, 0 income stated on the 1099's We are a family of 5, 2 adults, 3 children and we have almost completely depleted our savings. We are both Realtors...

Joint Return filing for year - 2007 [ 1 Answers ]

Hi, I am staying with my wife and kid from March'2007 till Oct'2007 end. My wife and kid will be going back to India and will never come back to US again. I have some question about return filling for year 2007, which I will be doing some where in Feb'2008. - Do I will be filling jointly...

View more questions Search