The amount of income you need to earn to file taxes depends on a number of factors, including your filing status, age, and type of income. Generally speaking, you are required to file a federal tax return if your gross income exceeds a certain threshold, which varies depending on your filing status. For tax year 2022 (filing in 2023), the gross income thresholds are as follows:
Single filers: $12,950
Married filing jointly: $25,900
Head of household: $19,950
Married filing separately: $5
Note that these are the minimum gross income thresholds, and you may need to file a tax return even if your income falls below these amounts if you have other types of income or if you are eligible for certain tax credits. Additionally, if you are self-employed or earn income from freelance work or other nontraditional sources, you may be required to file taxes even if your income falls below the thresholds for your filing status.
It's important to keep in mind that the income thresholds and tax rules can change from year to year, so it's a good idea to consult with a tax professional or refer to the IRS website to determine your filing requirements for a given tax year.
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