Every year all United States citizens have to be aware of the tax season and the tax return. This is because it is mandatory for most people living on American soil. For this reason, it is important to control our economy at all times, since the tax return can change a lot the money we have.
As far as the tax return is concerned, taxpayers may or may not have the obligation to do it. It depends on many different requirements. Also, each group of people in the United States has a different set of requirements. So we can say that tax return is not for everyone, but it is for the majority.
Since no one wants to have the feeling that they are doing things wrong in relation to the IRS and the tax return, checking the list of requirements is essential. And if we are talking about dependents, these requirements change a bit, so keep that in mind when filing your return as well.
Requirements to make the tax return for dependents
When we talk about dependents, the tax return changes, as we have said. The requirements are slightly different, but there are still a number of requirements anyway. So you have to pay attention.
- For singles over 65 or blind:
- Non-wage income greater than $2,900 ($4,650 if over 65 and blind).
- They have to make a tax return if their wage income greater than $14,700 ($16,450 for over 65 and blind).
- Gross income greater than the greater of $2,900 ($4,650 for over 65 and blind) or wage income ($12,550) plus $2,150 ($3,900 if age 65 or older and blind).
- For singles under age 65 and not blind:
- Income not from wages in an amount greater than $1,150.
- Income from wages in excess of $12,950.
- The thax return is mandatory if the gross income greater than the greater of $1,150 or one of two options: wage income (up to $12,550) plus $400.
- Person married and over age 65 or blind:
- Unearned income in excess of $2,550 ($3,950 if over 65 and blind).
- Compulsory tax Return if income from wages in excess of $14,350 ($15,750 if age 65 or older and also blind).
- Gross income of at least $5 and spouse files individual return itemizing deductions.
- Gross income greater than: $2,550 ($3,950 for over 65 and blind) or earned income (limited to $12,550) plus $1,800 ($3,200 if over 65 and blind).
- Married person under age 65 and not blind:
- Unearned income must be more than $1,150.
- Wage income over $12,950 requires a tax return.
- Gross income of at least $5 and spouse files separate return itemizing deductions.
- Gross income above the higher of these amounts: $1,150 or salary income (maximum $12,550) plus $400.
Therefore, any person with a dependency who meets these requirements must file a tax return, otherwise the IRS could claim any of these tax payments in the future.
And remember that the tax season will end next April 18. So you will have to send your return to the IRS before that day to avoid problems in this regard. You can also request an extension of time if you need it, but not everyone can receive it.