Do I need to do taxes if I just rent a room and have Medicad for insurance?

[MichelleT]

Do you have any income?

[figment23]

I have some income every month.

[MichelleT · Accepted solution]

You may not need to file a Tax Return. But, it is a good idea to prepare your return anyway. You may be eligible for certain credits or have interest income, etc.

Start with the TurboTax Free Edition and go through all the questions.

If at the end, you do not need to file, just log out and do not efile.

You will need to file if you had at least $400 in net earnings from self-employment (income minus expenses)  or you had marketplace health insurance and received advanced payments for the premium tax credit.

See Do I Need to File a Tax Return?  Use this IRS Interactive Tool To Find Out.

https://www.irs.gov/uac/do-i-need-to-file-a-tax-return 

Click here to learn more about IRS federal filing requirements.

Review your state filing requirements by clicking here.