I did not receive income in 2023. I was unemployed. I lived off of savings. Do I need to report or file anything?

If you had no income and didn’t receive health insurance through the marketplace you don’t have to file. 

No, if you had no income and did not get the Advanced Premium Tax Credit (or want to claim the credit) in 2023, you do not need to file a return.  However, depending on the amount of interest you received on your savings, you may need to file if it was more than your standard deduction.

The 2023 Standard Deductions are as follows:

• Married Filing Joint (MFJ)              $27,700
• Married Filing Separate (MFS)      $13,850
• Head of Household (HOH)             $20,800 
• Single                                                     $13,850                                

Blind or over 65 and MFJ or MFS add $1,500

Single or HOH if blind or over 65 add $1,850