Actualizado
The vast majority of citizens in the USA are expected to file taxes again in 2023, but it has to be noted that not everyone is required to do so.
According to a Washington think tank called The Tax Policy Center, about 144.5 million of the 176.2 million individuals and married couples filed a tax return in 2020.
Even if you are exempt from filing a tax return, you might still wish to do so in order to claim tax credits and overpayments that might result in money being returned to you.
What is the minimum income to file taxes in 2023?
The Internal Revenue Service (IRS) has established some minimum income thresholds that determine whether someone must file a tax return.
Single filers who are younger than 65 years old must file taxes if they earn more than 12,950 dollars per year, while those who are 65 or older need to do so if they make more than 14,700 dollars.
Meanwhile, for married couples filing jointly, the minimum threshold is set at 25,900 dollars if both spouses are younger than 65, 27,300 dollars if one spouse is younger than 65 and one is 65 or older and 28,700 dollars if both spouses are 65 or older.
As for heads of households who are younger than 65, they should file taxes if they earn 19,400 dollars. Otherwise, the minimum threshold is set at 21,150 dollars.
What is the 2023 tax filing deadline?
This year the tax filing deadline is on April 18, 2023. The documents required to file your taxes to the IRS are the W-2 form from employers, 1099 forms from banks and other parties, while 1099-K forms from entities serving as third-party payments.
Most refunds will arrive less than three weeks from being issued, but the IRS notes that some tax returns take longer due to them requiring an extensive review when the agency finds an error, like missing information on the return.
