Check the filing requirements for 2014 tax returns

Taxes are a frequent topic of conversation at this time of year, and a common question is, who has to file a tax return? The rules for filing 2014 tax returns are straightforward for most people.

• Single taxpayers (including those who are divorced or legally separated): If you're under 65 and had gross income of at least $10,150 in 2014, you must file. If you're 65 or older, the cutoff is $11,700.
• "Head of household" taxpayers (generally, unmarried people who provide a home to a child or other dependent): If you're under 65 and had income of at least $13,050, you'll need to file. If you're 65 or older, the cutoff is $14,600.
• Married taxpayers filing jointly: Filing is required if both spouses are under 65 and income is at least $20,300. If one spouse is 65 or older, the cutoff is $21,500. If both spouses are 65 or older, gross income must be at least $22,700 to require filing. If you were married but not living with your spouse at the end of 2014, filing is required if you have income of $3,950 or more, regardless of your age.
• Married taxpayers filing separately: If you made at least $3,950, you must file, regardless of your age.

Different IRS rules govern filing for certain widows and widowers, dependents, those who owe special taxes (e.g., self-employment tax), children under age 19, and aliens. If you have a refund coming, you will want to file regardless of your income level. If you qualify for certain tax credits, you may need to file a return to claim the credit even if you otherwise wouldn't be required to file.

It's worth looking into your filing requirements. This year you may not have to file at all. The IRS doesn't want people to file income tax returns that aren't necessary. The reason is simple: Processing tax returns takes time and money. The IRS doesn't want to use its resources handling returns that weren't required in the first place. If you need more information or assistance with tax filing, please call our office.

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