How much money do you have to make before you owe taxes?

+1 vote
asked May 26, 2018 in Other-Finance by Miguel765 (520 points)
How much money do you have to make before you owe taxes?

1 Answer

0 votes
answered May 26, 2018 by Grahlu (51,270 points)
If you earn $10,400.00 or more in a year then you need to file a tax return and pay taxes owed on the earnings.

If you earn less than $10,400.00 per year then you don't need to file or pay taxes although you can file taxes and report the income to the IRS if you want to but it's not a requirement as long as you earn under $10,400.00 per year.

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