Tax Season 2025 is Here The IRS has announced that the 2025 tax filing season starts on January 27, 2025, and ends on April 15, 2025.
Do You Need to File a Tax Return? Not everyone is required to file a tax return. It depends on your income, age, and filing status.
Single Filers Under 65 If you're under 65 and single, you must file a tax return if your gross income was at least $14,600 in 2024.
Single Filers 65 and Over For single filers aged 65 or older, the minimum income threshold increases to $16,550.
Married Filing Jointly Under 65 Married couples filing jointly, both under 65, should file if their combined income is $29,200 or more.
Married Filing Jointly with One Spouse 65 or Older If one spouse is 65 or older, the threshold rises to $30,750.
Married Filing Jointly Both 65 or Older For couples where both are 65 or older, the minimum income to file is $32,300.
Head of Household Filer If you qualify as head of household and are under 65, you need to file if your income was at least $21,900. If you're 65 or older, the threshold is $23,850.
Why File Even If Below the Threshold? Even if your income is below these thresholds, filing a tax return can be beneficial. You may qualify for refundable tax credits or a refund if federal income tax was withheld from your paycheck
Stay Informed and File on Time Ensure you understand the filing requirements to avoid penalties. For more information, visit the IRS website or consult a tax professional.