turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

If I have an agi of 0, what does that mean for this years taxes? Will more money be withheld? Meaning will I owe money to the irs

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies
SantinoD
Expert Alumni

If I have an agi of 0, what does that mean for this years taxes? Will more money be withheld? Meaning will I owe money to the irs

If your AGI is $0, then you might not have a requirement to file a tax return. 

 

The IRS has a free online tool to help you determine if you have to file a tax return this year. 

 

Here is the link: Do I Need to File a Tax Return?

If I have an agi of 0, what does that mean for this years taxes? Will more money be withheld? Meaning will I owe money to the irs

So I’m just supposed to not file my taxes at all? And end up owing money to the irs ???? 

If I have an agi of 0, what does that mean for this years taxes? Will more money be withheld? Meaning will I owe money to the irs

Last year I didn’t file which was because I was unemployed. So with that being said I have an agi of 0 for this years tax . I’m still gonna file my taxes!! This year 

ThomasM125
Expert Alumni

If I have an agi of 0, what does that mean for this years taxes? Will more money be withheld? Meaning will I owe money to the irs

Unemployment compensation is taxable, but if your total income is under the minimum income filing level you may not be required to file a tax return. The standard deduction for a single person is $12,950 in 2022, so you may not need to file a federal tax return if your income is under that amount. 

 

As mentioned by @SantinoD, you can use the IRS tool to see if you need to file: Do I need to file?

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question