In the state of Oregon if you make under $5000 a year do you have to file taxes? My husband wants to file separately and we have three children. We own our business so the amount I make from doing our book work doesn’t even add up to completely $5000 a year basically enough to pay a minimal prepaid phone bill and car payment each month and that’s it. Unsure if I need to file taxes myself.
You'll need to sign in or create an account to connect with an expert.
Go to this Oregon Department of Revenue website for the filing requirements in 2018 - https://www.oregon.gov/DOR/programs/individuals/Pages/file-requirements.aspx
2019 filing requirements have not yet been published.
Your post brings up a lot more questions. How is the business set up? Is it a LLC or Partnership etc? Do you file a separate Business return? Like a 1120, 1120S or 1065?
Will you be getting a W2 or a 1099Misc for your pay? If you are an owner you don't usually report payments to yourself. If you and he report it as self employment you are not an employee of the company.
And usually if you are married it is better to file Joint instead of separate. Joint has the lowest tax rates and the highest Standard Deduction. And you can lose several credits by filing separately. like the
EITC Earned Income Tax Credit
Child Care Credit
Educational Deductions and Credits
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
vikingsss_1967
New Member
Raph
Community Manager
candiceandcarrie
New Member
justbecauseiwantto
New Member
jasontobin2233
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.