Core Points - In 2024, 161 million individual income tax returns were filed to the IRS, indicating a significant engagement in tax filing among Americans [1] - Filing taxes can be beneficial, especially for those eligible for tax credits or refunds, even if not required to file [1] Filing Requirements - Individuals must consider their gross income, age, and filing status to determine if they need to file taxes [3] - Minimum income thresholds for filing taxes vary based on filing status and age, with specific amounts outlined for different categories [4][5][6][7][8][9][10] Special Situations - Certain individuals must file taxes regardless of income, including those with net earnings from self-employment of at least $400 [2] - Special taxes that may necessitate filing include alternative minimum tax, additional tax on qualified plans, and household employment taxes [11]
Do you have to file taxes in 2026? Here's why you might want to.
Yahoo Finance·2025-12-14 10:04