what is the minimum income to file taxes in 2023

9 months ago 34
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The minimum income to file taxes in 2023 depends on your filing status and age. According to the Internal Revenue Service (IRS), for tax year 2022, the minimum income requirements for filing a tax return in 2023 are as follows:

  • Single, under 65: $12,950
  • Single, 65 or older: $14,700
  • Married, filing jointly: $25,900 if both spouses are under age 65, or $27,300 if one spouse is 65 or older

These thresholds are based on the standard deduction for 2022. If your income is below these thresholds, you may not be required to file a tax return.