Who does not have to file taxes in the US and what is the income limit?

8 errors that can lead to an IRS audit 7:57 (CNN Spanish) — Do you have to file your taxes in the United States? It is very likely that the answer is yes, but with the deadline approaching, it is better to clear up your doubts and be clear about whether you are a rare exception or if it is time to gather your documents and speed up your declaration. The most important thing to keep in mind is that the deadline to file your 2021 individual return and pay the remaining federal income taxes due from last year is Monday, April 18. Who has to declare? Most US citizens and people who work in the US will be taxed depending on their gross income, filing status, and age, as the following table illustrates: Who is exempt from filing taxes? According to the Turbotax tax preparation tool, you do not need to file your tax return if all of the following apply to you: You are under the age of 65. Your marital status is single. You don’t have any special circumstances that require you to file a tax return. For example, you receive self-employment income. You earn less than $12,550, which is the standard deduction set for 2021 for a taxpayer. People who count their Social Security benefits as their only income are not taxable, so they most likely do not need to file a federal income tax return. However, if they have substantial income in addition to their benefits—such as wages, self-employment, interest, dividends, and other taxable income—they will need to file a return. The Internal Revenue Service (IRS) recommends that people file their taxes, even if they do not have to do so, since they could claim credits such as: the earned income tax (EITC, for its acronym in English) in English), the tax for children, for education and refund recovery. In addition, they may also be entitled to a refund. The IRS recommends filing a return if you apply to any of these situations: You had some income tax withheld from your pay. You made estimated tax payments for the year or one of your overpayments from last year was applied to this year’s estimated tax.

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