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Do I have to file taxes if I made under $10,000?
Someone told me , If I make under $10,000 that I don't have to file taxes. Is this true? I am married with 2 kids but my husband makes the most money. If I don't have to file then we would qualify for earned income credit. I live in Florida......
10 Answers
- ninasgrammaLv 71 decade agoFavorite Answer
Someone gave you bad advice.
If your husband files a separate return, you are required to file a tax return when your income from wages is $3,500 or more. Also, if your husband files a separate return, he cannot receive Earned Income Credit. You must file a joint return to receive Earned Income Credit.
If you would receive EIC if your joint income was less, you can have time to contribute to a retirement plan, such as a traditional IRA. The contribution will come off your adjusted gross income. In addition to Earned Income Credit, you may qualify for the Savers Credit as well.
- 1 decade ago
The info that you are getting is not correct. As a married couple, you and your husband file together using the married filing jointly status.
If you are over the income limits, you will not be eligible for the earned income credit. If you exclude your income in order to get the credit, you will be filing a fraudulent return and chances are good that you will be caught when the IRS matches income docs and finds out that you never reported your income.
If you are not sure what you are doing, get the proper tax advice. Even if you have to pay to have your return done, it will be cheaper in the long run than if you file yourself and do it incorrectly,.
- Wayne ZLv 71 decade ago
If your husband's income puts you over the filing requirement for a married couple, then ALL of your income (even $1) must be included on the return.
For purposes of determining whether or not you have to file, you compare the total of both of your incomes to the filing requirement.
As usual with taxes, "Someone" is wrong. Very wrong.
- 1 decade ago
You have to file. Since you are married, you either have to file jointly or married filing seperately. If you file married filing jointly you have to claim all income. If you file married filing seperately, then you will not qualify for the EIC, plus you have to file your income anyway due to the person who is claiming the deductions.
The only potential way you wouldn't have to file with income under $10,000 is if you were head of household and had dependents.
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- JudyLv 71 decade ago
If you were not married and had 2 kids, and were eligible for head of household, you wouldn't have to file. Since you are married, if you want to file separately, you are required to file if you make over $3500.
If you file a joint return, you must report ALL of the income that either of you makes. The amount of your total JOINT income is what qualified you, or doesn't, for EIC, If you file separately, you aren't eligible for EIC.
- Anonymous1 decade ago
you cannot file head of household if you're married and your husband is working. Whether or notn you have to report your income, depends on how you earned the income. If it is disability, you file a joint return and your income is reportable but not taxable. If it is self employment income, the reporting threshhold is $800.
Check www.irs.gov
Source(s): I am a certified taxconsultant - Ms. Angel..Lv 71 decade ago
Regardless of where you live in the US you must file your tax return. Since you have a husband you will file a joint return and claim your children (not kids; kids are baby goats) on your joint tax return and combine your wages on the tax return.
Visit IRS website www.irs.gov for information on filing taxes
- JssLv 71 decade ago
Read 2008 filing requirements for most taxpayers (except dependents) http://taxipay.blogspot.com/2008/10/2008-filing-re...