Do I have to file taxes every year?
Do I have to file taxes every year? You do not need to file if you are single, under the age of 65, and your gross income was below $12,950, for the 2022 tax year. You don't need to file if you are married filing jointly, both spouses are under 65, and your joint income was less than $25.900.
What happens if you don t file your taxes but don t owe anything?
There's no penalty for failure to file if you're due a refund. However, you risk losing a refund altogether if you file a return or otherwise claim a refund after the statute of limitations has expired.
Can I get tax refund with no income?
If you qualify for tax credits, such as the Earned Income Tax Credit or Additional Child Tax Credit, you can receive a refund even if your tax is $0. To claim the credits, you have to file your 1040 and other tax forms.
Does my 17 year old need to file taxes?
A minor who may be claimed as a dependent needs to file a return if their income exceeds their standard deduction. A minor who earns less than $13,850 in 2023 will usually not owe taxes but may choose to file a return to receive a refund of tax withheld from their earnings.