Do I Need To File a 2014 Tax Return?

Posted by on January 5, 2015
Last modified:
If you're single and earned at least $10,150, you'll need to file a 2014 tax return. Learn who else is required to file 2014 taxes and e-file with RapidTax.

Learn if you’re required to file a 2014 Tax Return…

With RapidTax, you have until October 15, 2015 to e-file your 2014 Tax Return.

However, you may be unsure whether or not you need to go to the effort of filing a 2014 Tax Return. You should first know that the requirement to file a federal tax return depends on your;

  • filing status
  • age
  • income
  • dependency status
  • other unique circumstances

Does Your Income Require Your To File a 2014 Tax Return?

If you’re under 65 and you earned the following income (or more), you’re required to file a 2014 Tax Return;

  • Single: $10,150
  • Head of Household: $13,050
  • Married Filing Jointly: $20,300
  • Married Filing Separately: $3,950
  • Qualifying Widow(er): $16,350

If you are 65 or older and you earned the following income (or more), you’re required to file a 2014 Tax Return:

  • Single: $11,700
  • Head of Household: $14,600
  • Married Filing Jointly: $21,500
  • Married Filing Separately: $3,950
  • Qualifying Widow(er): $17,550

If you are being claimed as a dependent and you earned more than $6,100 in 2014, then you’ll need to file a tax return.

Special Circumstance that Require You To File 2014 Taxes

Regardless of your income, you may still be required to file a 2014 tax return.

You’re required to file a 2014 tax return if you fall within any of the following categories;

  • you owe Social Security and Medicare taxes on unreported tip income
  • you had net self-employment income of $400 or more
  • you earned $108.28 or more from tax-empty church or church controlled organization
  • you received MSA or Health Savings Account distributions
  • you owe additional taxes on a retirement plan or health savings account
  • you owe household employment taxes
  • you owe Alternative Minimum Tax
  • you must repay the 2008 Homebuyer Credit

You May Want To File Even if You’re Not Required To

Even if you aren’t required to file a tax return, it doesn’t mean you shouldn’t file. In fact, not filing means you may end up missing out on a tax refund that you’re entitled to receive.

If you’re not required to file, you should still do so if you had taxes withheld from your pay, you overpaid estimated tax or applied a prior year overpayment to this year or if you qualify for any of the following credits;

  • Earned Income Tax Credit
  • American Opportunity Credit
  • Additional Child Tax Credit
  • Health Coverage Tax Credit
  • Adoption Tax Credit

E-file Your 2014 Taxes with RapidTax

Whether or not you’re required to file a 2014 Tax Return, you’ll can do so within minutes with RapidTax. To get started on your 2014 Taxes, create an account and enter your tax information. Then, once your 2014 tax return is e-filed you’ll receive your refund within 21 days!

File Your Tax Return Today | RAPIDTAX

 

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This entry was posted on at 2:22 pm and is filed under Late Taxes | Blog.

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