Not sure if you really need to file a tax return? Here’s a guide to figure out if you need to file a tax return.
2009 Federal Filing Requirements
If your gross income is higher than the amount that applies to your situation according to the table below, you MUST file a tax return.
Here are some minor notes on using the chart:
- If you were born on January 1, 1945 – you’re considered 65 as of the end of 2009.
- If you’re married filing jointly and didn’t live with your spouse at the end of 2009 – you must file a return if you have at least $3,650 in gross income, regardless of your age.
To figure out your gross income for this chart, include all income you received that is not exempt from tax. You must include any income you earned outside the US or from the sale of your home, regardless of whether you may exclude part or all of it.
If you’re married filing separately and lived with your spouse at any time during 2009, you’ll have to include your Social Security benefits. Otherwise, only include Social Security benefits if one-half of your benefits, plus your other gross income, plus any tax-exempt interest totals more than $25,000 (or $32,000 if you’re married filing jointly). Not all of your Social Security benefits are taxable, so you’ll have to check out IRS Publication 915 to calculate the taxable portion of your benefits.
Note: If you are self-employed, owe any special taxes (like AMT, penalties on early IRA withdrawal, etc.), or qualify for a refundable credit, these guidelines do not apply. For a list of all possible exceptions, check out this page on the IRS website.
State Filing Requirements
The filing requirements for states vary by each state. In Pennsylvania, you’re required to file if you have $33 in taxable income (because $33 times the PA tax rate of 3.07% equals $1). Other states may have different rules due to the way they calculate state income taxes. The same goes for any local tax returns as well.
Paul Williams is a fee-only financial planner in Lancaster, PA. He has a passion for teaching others about personal finance - especially from a Christian perspective. If you'd like to learn about his financial planning and tax preparation services, click here. If you enjoyed this article, you might also be interested in:
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