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Level 3
posted Sep 28, 2022 2:43:09 PM

2022 minimum income to file a tax return

For 2022 tax year, is there a minimum income level above which a tax return must be filed?

For adults who are independent wage earners and for those who are claimable as dependents of their

household whole year.

 

0 2 507
2 Replies
Level 15
Sep 28, 2022 3:04:33 PM

If you have even $400 of self-employment income you are required to file a tax return and pay self-employment tax for Social Security and Medicare.   If you are a W-2 employee you do not "have" to file a tax return unless you earn more than the standard deduction amount for 2022 of $12,950..  BUT---if federal and/or state tax is withheld from your earnings then you would still want to file a tax return in order to seek a refund, even if your earnings are less than the standard deduction amount.

Level 15
Sep 28, 2022 4:35:45 PM