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What does it mean when it says to file for $0.00?

 
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2 Replies

What does it mean when it says to file for $0.00?

Have you entered any taxable income?  If you have not entered taxable income you have a "zero" tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
JohnB5677
Expert Alumni

What does it mean when it says to file for $0.00?

People who may qualify for the Child Tax Credit may not have earned any income in the past year.  Therefore, the IRS is allowing those individuals to file a $0 Zero dollar return.

 

The IRS has issued guidance for electronically filing $0 dollar returns.

In addition to all other information required to be entered on Form 1040, a zero AGI filer must enter the following:

 

  • $1 as taxable interest on line 2b;

  • $1 as total income on line 9; and

  • $1 as AGI on line 11 

IRS - Not required to file a tax return

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