Hi,
I am a 37 year old, and earned a mere 4388USD in total net income for 2022, all as a 1099 Non-Employee independent contractor, and Single tax filer, without dependents. Last year I earned 17 200USD in gross, with a an adjusted gross of approximately 12 850USD.
Now, I realize that this year, my 4388USD total net is less than the minimum 12 950USD that is required to file, as a Single tax payer without dependents, and without being claimed as a dependent.
However, I am interested in finding the answer to two questions:
1) Do I receive any cash payment(check) if I file, and claim the
13 850USD Standard deduction for 2023? Or do I merely receive some money in the form of credit that goes to my Social Security in some form? If someone could please clarify.
2) Do my 4388USD count as earned toward my Social Security credits, on the path to reach the 40 credits required for social security? Even if I claim the 13 850USD Standard deduction for 2023?
An answer to these two questions would be much appreciated.
Thank you.
