This question should be answered by any responsible U.S. citizen or resident in order for them to give their fair share in the building of their nation. It is the goal of this article to answer this question, “Who are those who are required to file Form 1040 otherwise known as the U.S. Individual Income Tax Return?” Any United States resident or citizen who earns a gross income starting $3,500 may have to file their income tax return. The status, the age and the gross income would be the basis of whether or not an individual is required to file the Form 1040 and how the income tax will be computed.
The following are required to file their income tax for the year 2008: Single people under the age of 65 earning a gross income of at least $8,950. Single people 65 years and above earning a gross income of at least $10,300. Married filing jointly who are (1) under 65 years old (both spouses) earning a gross income of at least $17,900, (2) 65 years or older (one spouse) earning a gross income of at least $18,950 and (3) 65 years and older (both spouses) earning a gross income of at least $20,000.
Married people filing separately should file their income tax regardless of their age as long as they earn a gross income of at least $3,500. A head of household under 65 earning a gross income of at least $11,500 should also file. So are those heads of household 65 years old and older with a gross income of $12,850.
Lastly, qualifying widow or widower with a dependent child under the age of 65 earning at least $14,400 and those who are 65 years and older with earnings of $15,450 should also file their income tax retruns.
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