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If you qualify, you must file to claim the refundable Health Coverage Tax Credit.If you have a qualifying child but owe no tax, you can file to be refunded the Additional Child Tax Credit.If you are claiming education credits, you must file to be refunded the American Opportunity Credit.If you qualify, you must file a return to receive the refundable Earned Income Tax Credit.If you had taxes withheld from your pay, you must file a tax return to receive a tax refund.There are several reasons why you may want to file or e-file a tax return even if you do not meet the minimum income requirements: Why Would I Want to File a 2016 Tax Return? More than $8,800 earned (or more than $3,550 unearned) More than $7,550 earned (or more than $2,300 unearned) More than $6,300 earned (or more than $1,050 unearned) More than $9,400 earned (or more than $4,150 unearned) More than $7,850 earned (or more than $2,600 unearned) More than $6,300 earned (or more than $1,050 unearned *) The requirements vary by filing status, age, and minimum income, which are listed below: Marriage Status You received an advance payment on the Premium Tax Credit.ĭo I Need to File a 2016 Return If I Am a Dependent?Įven if you are claimed on another taxpayer's return, you may still be required to file your own income tax return.You received distributions from an MSA or Health Savings Account.You earned $108.28 or more from a tax-exempt church or church-controlled organization.You owe Social Security and Medicare taxes on unreported tip income.You must repay the 2008 Homebuyer Credit (or any other recapture taxes).You owe additional taxes on a retirement plan (an individual retirement arrangement (IRA) or other tax-favored account) or health savings account.You had net self-employment income of $400 or more.No matter the amount of your total income, you may need to file an income tax return if any of the following are true: What Are Other Reasons Why I May Need to File a 2016 Tax Return? However, we recommend that you read on for other reasons why you may still want to file a return. You may not be required to file a federal tax return. What If My Earned Income is Below the Minimum Income for My Filing Status and Age?
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Qualifying Widow(er) with Dependent Children Minimum Self-Employment Income Requirement The minimum income levels based on filing status and age are listed in the table below: Filing Status Your minimum income requirement to file a 2016 tax return depends on your income, age, and filing status. What Are the Minimum Income Requirements to File a 2016 Federal Income Tax Return? Here are types of income you may need to consider when deciding whether or not you have to file a 2016 return:Įxamples of Taxable Income: Wages and salaries, tips and gratuities, unemployment benefits, canceled/forgiven debt, self-employment income.Įxamples of Non-Taxable Income: Child support, insurance proceeds (accident, casualty, health, life), meals and lodging for the convenience of employer, Veterans’ benefits, Aid to Families with Dependent Children (AFDC). Your gross income usually includes taxable income and non-taxable income. However, there are reasons why you may still want to file. If you earned below the minimum income for your filing status, you may not be required to file a Federal Tax Return. The minimum income levels for the various filing statuses are listed in the table below. The minimum income required to file a tax return for Tax Year 2016 depends on your income, age, and filing status. The IRS will bill you for this it will not be calculated by TurboTax.Contact a Taxpert with your Tax Questions What Are the Minimum Income Requirements to File a 2016 Federal Income Tax Return? If you owe taxes, the interest/penalties will be calculated by the IRS based on how much you owe and when they receive your return and payment. If you are getting a refund, there is not a penalty for filing past the deadline. Important! Mail Federal and State in separate envelopes and mail each year in separate envelopes. Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS received the return. When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. You have to print and mail prior year returns.
Turbotax 2016 online help install#
You need a full Windows or Mac computer to install it on. You have to buy a separate program for each year.
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Turbotax 2016 online help download#
You can only buy the download for prior years.