Archive for the 'By Filing Status' Category

Gross Income Must Exceed Filing Status

A 2007 U.S. tax return must be filed if your world-wide gross income exceeds your Standard Deduction and Exemption amount(s) according to your filing status:
Single                                                $8,750
  65 or older                                     10,050
Head of Household                          11,250
  65 or older                                      12,550
Qualifying widow(er)                      14,100
  65 or older                                      15,150
Married filing jointly                       17,500
  One Spouse 65 or older                18,550
  Both Spouses 65 [...]