2nd October 2019

moneyadviceservice
12

How much do you need to earn before paying tax?

You can earn a certain amount of income each year, called your Personal Allowance, before you need to pay any Income Tax. In general, everyone gets the same Personal Allowance of £11,850 for the year 2018-19. However, you might get less if your income is over £100,000 or if you owe tax from a previous tax year.

Also, how much money do you have to make to file taxes in 2017?

The minimum income amount depends on your filing status and age. In 2017, for example, the minimum for single filing status if under age 65 is $10,400. If your income is below that threshold, you generally do not need to file a federal tax return.

What is the threshold to file a tax return?

2017 Federal Tax Filing Requirement Thresholds
Filing StatusAgeMust File a Return If Gross Income Exceeds
Single65 or older$11,950
Head of HouseholdUnder 65$13,400
65 or older$14,950
Married Filing JointlyUnder 65 (both spouses)$20,800
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