2005 Income Tax - Who has to File?

Every year there are changes to the tax laws. The first question to affect any tax return is, "Do I have to file a return?"

For most taxpayers, a tax return must be filed if their gross income exceeds their standard deduction amount plus their personal exemption amount. The gross income filing requirements for 2005 have changed and are shown below.

Gross Filing Requirements for 2005

Single

Under age 65 ---------------------------- $8,200
Age 65 or over --------------------------- $9,450

Married Filing Jointly

Both under age 65 ---------------------- $16,400
One age 65 or over --------------------- $17,400
Both age 65 or over -------------------- $18,400

Maried Filing Separately

Regardless of age ----------------------- $3,200

Head of Household

Under age 65 ---------------------------- $10,750
Age 65 or over --------------------------- $11,750

Qualifying Widow(er)

Under age 65 ---------------------------- $13,200
Age 65 or over --------------------------- $14,200