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    • Perfectly legal

      • It's perfectly legal to file a tax return even if your income falls below the IRS minimum requirement to file. If you qualify for certain tax credits but owe no tax, you might be able to claim the excess tax credit as a refund when you file your return.
      turbotax.intuit.com › tax-tips › irs-tax-return

      Can I File an Income Tax Return If I Don't Have Any Income?

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  3. www.irs.gov › individuals › check-if-you-need-toCheck if you need to file a tax return | Internal Revenue Service

    Apr 5, 2024 · If you don’t usually file. Even if you make less than the income required to file, consider filing anyway. You may get money back: If you qualify for a refundable tax credit. If your paycheck had federal income tax withheld. If you made estimated tax payments.

  4. turbotax.intuit.com › tax-tips › irs-tax-returnCan I File an Income Tax Return If I Don't Have Any Income?

    • Income Requirements
    • Credits May Earn You A Tax Refund
    • File Now, Deduct Later
    • Protect Yourself from Future Audits

    Even if you earned income last year, if it falls below the IRS minimum you don't have to file a tax return. The minimum varies according to your age and filing status—whether you are: 1. single, 2. head of household, 3. filing jointly with your spouse or 4. you can be claimed as a dependenton someone else's taxes. The IRS also adjusts the minimum a...

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    The IRS offers a number of tax credits that you can take directly off your taxes rather than your income like a deduction. If the credit is more than you owe in taxes, in some cases, you can claim the excess credit as a refund. If you qualify for tax credits, such as the Earned Income Tax Credit or Additional Child Tax Credit, you can receive a ref...

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    The IRS limits how much you can claim with various deductions and credits. For example, you can't claim a home office deductionso large that it would put your business into the red. Instead, you claim zero business income for the year, and carry any leftover deduction into the next year. If you have deductions or credits carrying over, 1. you can't...

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    The IRS operates under a statute of limitations when it comes to auditing old tax returns. If you've reported your information accurately, in most cases they can only go back three years. However, the clock only starts for a given year when you actually file your tax return. 1. If you don't file, the IRS can always come back and perform an audit. 2...

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  5. www.usa.gov › who-needs-to-file-taxesFind out if you need to file a federal tax return | USAGov

    Use the IRS online interview tool to find out if you need to file a tax return. Or use the IRS’ filing threshold chart to learn what gross income amounts may require you to file based on your age and filing status. LAST UPDATED: December 27, 2023.

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  7. www.forbes.com › taxes › what-if-you-dont-file-taxesWhat Happens If I Don’t File My Taxes? – Forbes Advisor

    Apr 1, 2024 · If you don’t file your tax return in a timely manner, the IRS may assess a failure-to-file penalty. The size of the penalty is based on the amount of any unpaid taxes and how late the...

  8. www.forbes.com › advisor › taxesFile A Tax Return This Year, Even If You Usually Don’t Do It

    Feb 16, 2023 · Typically, you don’t need to submit a return if your income is beneath a certain threshold—because you won’t owe any tax. But even if you’re not required to file a tax return this year, it...

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