Taxes- made less than $5000

h0peinasmile · February 2015

Last year I had a baby in August and I quit working about a month before that. I made less than $5000 all year. My husband and I are Married filing Jointly. I found a table on the internet but I was just confused by it. Taxes give me a headache. Lol. TIA.

h0peinasmile · February 2015

I am asking if I have to file my income if I made less than $5000 last year.

h0peinasmile · February 2015

Sorry, just reread that and I didn't really ask a question originally. Lol.

h0peinasmile · February 2015

Thank you.

noffgurl · February 2015

If you made less than $3,900 combined with your husband you don't have to file. Anything over that must be filed/reported.

Erikan73 · February 2015

Yes, you need to file. Even with the little income you had, you have to officially report it. Chances are depending on how you file. Even if it means you get everything you paid in back. You don't want to be hit up down the road with penalties & interest on the penalties for not filing at all.

brij2006 · February 2015

Yes you will still need to file. Just because you made less than $5k, doesn't mean your household didn't make over that.

vlagrl29 · February 2015

noffgurl said:

If you made less than $3,900 combined with your husband you don't have to file. Anything over that must be filed/reported.

This….when I was in college I never had to file because I made so little.

h0peinasmile · February 2015

Thank you. It's all done.

smerka · February 2015

there's a lot of misinformation in this post. If $5,000 is all you and your husband made last year, then yes, you are not required to file. But you can still file to get your withholding (money taken out for federal income taxes. Box 2 on your W-2) back. If your husband had a job and together you made less than $20,300, you don't have to file, but you should to get your withholding back and you'd probably qualify for Earned Income tax credit. If together you made more than $20,300, the yes you have to file.

smerka · February 2015

Here's the link. http://www.irs.gov/publications/p501/ar02.html

noffgurl · February 2015

@smerka‌ I just want to clarify, the number I gave was what we were taught when I was a tax preparer.

smerka · February 2015

$3,950 is the threshold for a dependent. For 2014. $3,900 is for 2013.

Sisugal · February 2015

A wife is not a dependent. Wife is a joint filer.
Even with a low income - you need to file. Joint filing tends to give the better results over filing separately.
There is an increased ceiling for the EIC (Earned Income Credit) - you may qualify.

I did my taxes this weekend and they are in the mail. Took 6 hours total to do Fed and State. Not my favorite thing to do.

Taxes- made less than $5000

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