- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
If your taxable income, including the taxable portion of any scholarships, grants, 529 distributions and any other third party income does "NOT" exceed your standard deduction of $12,300 then you do not need to file a tax return. However, if you have self-employment income that exceeds $400 for the year, or if you have investment income that exceeds $1,050 for the year, then you are "REQUIRED" to file a tax return and report "all" income from "all" sources on that tax return.
May 24, 2020
6:21 AM
162 Views