Federal Income Tax

Minimum Income to File Taxes 2021

Every tax year, there is a minimum income to file a tax return. The 2021 tax season isn’t an exception. The minimum income to file taxes 2021 is slightly more than the previous year.

The minimum income to file taxes is the same as the standard deduction for that given tax year. Before the Tax Cuts and Jobs Act of 2017, this limit was the standard deduction plus the exemptions.

Since the TCJA nearly doubled the standard deduction, there isn’t much that has changed. If you’re wondering how much you need to make to file a tax return, you can just dive into the standard deduction for 2021.

The standard deduction in 2021 is likely to be increased by $200 for single filers and $350 for those who file taxes as a head of household. It wouldn’t be hard to speculate the standard deduction increase because the IRS has brought the same increase for three consecutive years. There isn’t anything the way for the same increase to the standard deduction.

Possible Minimum Income Limits to File a Tax Return 2021

If the standard deduction increase were to be the same as in previous years, here is what the minimum income to file taxes in 2021 is going to be:

Under 65 Years Old

Filing StatusMinimum Income to File Taxes
Single$12,600
Married Filing Jointly$25,200
Head of Household$18,950
Qualifying Widow(er)$25,200
Married Filing Separately$5

65 Years Old and Over

Filing Status Minimum Income to File Taxes
Single$14,450
Married Filing Jointly (both spouses 65 and older)$27,900
Married Filing Jointly (one spouse is 65 and older)$26,550
Head of Household$20,300
Qualifying Widow(er)$27,900

Same as any other year, those who are 65 and older qualify for a higher standard deduction, thus, the minimum income to file taxes is increased. The same goes for those who are legally blind for tax purposes. Since the above amounts also count for the standard deduction 2021, there is no further need for an explanation for that.

One thing to always keep in mind that the above amounts refer to the gross earnings. For example, if you’re single and your earnings are more than $12,600 but with the adjustments to your income your taxable income is less than $0, you will still need to file a tax return. Therefore, the limits only apply to net earnings.

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