Which taxpayer(s) is/are required to file a 2018 federal income tax return?
1) Married taxpayers (dependents of their parents) filing jointly (both age 18), combined gross income of $13,000, all from wages.
2) Head of household (58) gross income $17,950.
3) Single (65), gross income $13,550.
4) Qualifying widow(er) (47), gross income $23,450.
Answer:
1) Married taxpayers (dependents of their parents) filing jointly (both age 18), combined gross income of $13,000, all from wages.
Explanation:
Tax Year 2018
Married taxpayers (dependents of their parents) filing jointly (both age 18), must file return when earned income is over $12,000.
Hence option 1 is correct.
Option 2 is incorrect since for Head of household (58), the standard deduction is $18,000 and no return need to be filed when gross income is $17,950.
Option 3 is incorrect since for Single (65), the standard deduction is $13,600 and no return need to be filed when gross income is $13,550
Option 3 is incorrect since for qualifying widow(er) (47), the standard deduction is $24,000 and no return need to be filed when gross income is $23,450.
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