Get Expert Tax Planning Advice When You Hire Us — You May Not Need to Pay Taxes!
Some people have to file, but don’t have to pay. If you’re a single person, younger than 65, and earned $10,350 or less in the last tax year, you don’t owe any taxes. These figures shift if you’re older than 65, if you’re one half of a married couple who is filing together, or if you’re the head of household. A married person filing separately can earn as much as $4,050. You can make up to $400 in tax-free income as a self-employed person before you owe any taxes.
These figure are also based on your income after necessary deductions—so, you could make much more than that annually and still owe little or no tax.