Tax Blog
Hi,
(1) Can somebody please tell me what amount of income requires you to file a federal & state & social security taxes for each of the year since 1990 ? ( I mean filing Requirement for an unmarried single Person ) I need to know for each of those years.I am single unmarried individual.
(2) If my income is below the filing requirement amount, am I still suppose to file for a state tax return ? If yes where can I get the tax rate table & forms for all those years ?
(3) If income is below the filing requirement amount, am I suppose to file for social security tax ? If yes, where can I get the tax rate tables & forms for all those years ?
(4) Where can I find the tax rate schedules for each of those years for all 3 Federal, state & Social security taxes ?
(5) If the filing requirement amount was say $10,000.00, is that amount after the standard deduction of $3600.00 for an individual or how does it work ?
I would really appreciate all the help.
Thank You.
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You need to talk with a tax professional. If you haven’t filed taxes since 1990, you need more help than we can give you here.
1. For 2007, your standard deduction is $5,350 and exemption deduction is $3,400. If your total income up to $8,750 ($5,350 plus $3,400) you need not file, except if you were self-employed. For self-employed, if the self-employment income is $400 or more, you must file.
Self employed persons must pay self-employment tax (social security and medicare) at 15.3%.
2. For 2006, you must file if your total income was $8,400 or more. Self employment income of $400 or more.
3. Start with your 2006 return. Complete your 2006 return and file. You will get answers to most of your questions. Then file your previous returns if required.
4. Go to http://www.irs.gov and open all the previous years Form 1040. It will have the standard deduction and exemption deduction for the year.
mukat a is right on the money..no pun intended
(1) If you are a single, unmarried person with no self-employment income, and not a dependent, the filing requirements by year are:
1990 5300
1991 5550
1992 5900
1993 6050
1994 6250
1995 6400
1996 6550
1997 6800
1998 6950
1999 7050
2000 7200
2001 7450
2002 7700
2003 7800
2004 7950
2005 8200
2006 8450
2007 8750
If you had net self-employment income of $400 or more, you are required to file for any of the above years.
(2) If you are required to file a federal return, you are usually required to file a state return. If you are not required to file a federal return, you are usually not required to file a state return. But there are exceptions. Contact your state Department of Revenue or equivalent for forms for back years.
(3) No, unless you had net self-employment income of $400 or more. If you did have self-employment income of $400 or more, your Social Security and Medicare taxes are paid when you file your federal income tax return. It’s the same form.
(4) For the federal tax rate schedules, go to irs.gov and search for “Pub 17″ for the year in question. The tax rate schedules are in that publication. You will have to contact your state DOR for the state tax rate schedules. The SS and Medicare rates haven’t changed, it is 7.65% but is taken care of if you were paid wages.
(5) The filing requirement in the case you describe is the sum of the standard deduction plus your personal exemption. So, it includes the standard deduction.
The above is only an outline, you probably want to meet with a tax preparer and go over all your questions so you will know the best way to proceed.
You have to file if your gross income exceeds your personal exemption and standard deduction. In 2006, for a single person under age 65, you must file if gross income was at least $8,450. I have no idea since 1990 and you may need to see a local tax professional in your immediate area. Amounts change every year. What a lot of people do not realize is this, they may not be required to file taxes but in order to receive all of their tax witholdings they have to file. So if a person who didn’t file their taxes from 1990 through 2003 and was entitled to receive their tax withholdings, lost all of that money. To obtain a refund, a person must file the return within three years of the due date.