The Internal Revenue Service (IRS) sets thresholds based on your filing status (single, married filing jointly, etc.) and whether you’re under or over 65 years old.

You are required to submit a tax return if: your gross income is over the filing requirement, you have over $400 in net earnings from self-employment, or you have other situations that require you to file. These gross income requriements are adjusted each year.

The income thresholds for this tax season

2024 US Tax Filing Requirements (Based on Income)

For Under 65 years old

Filing Status	Minimum Income to File
Single	$13,850
Married Filing Jointly	$27,700
Head of Household	$20,800
Qualifying Surviving Spouse (dependent child)	$27,700

For 65 years old or older

Filing Status	Minimum Income to File
Single	$15,700
Married Filing Jointly (one spouse 65+)	$29,200
Married Filing Jointly (both spouses 65+)	$30,700
Head of Household	$22,650
Qualifying Surviving Spouse (dependent child)	$29,200

Why do these thresholds exist?

If your income falls below the threshold for your filing status and age, you likely won’t owe any federal income tax. However, there are situations where filing a return might still be beneficial, even if your income is below the threshold. For example, if you had income tax withheld from your paycheck but earned less than the filing requirement, filing a return allows you to get a refund.

Additionally, filing will be necessary if you:

• Owe other taxes: This includes self-employment taxes, alternative minimum tax (AMT), or Social Security and Medicare taxes on unreported tips.
• Claim certain credits: Tax credits like the Earned Income Tax Credit (EITC) can significantly reduce your tax bill or even result in a refund, even if you don’t owe income tax.
• Have investment income: Even with a low income, interest or dividends from investments will require filing.