Do I Have to File a Tax Return?

In most cases, whether you need to file a tax return depends upon your filing status, age, how much you make, and what kind of income you receive.

If you’re single, you usually need to file if you earn a little over $10,000.

Other considerations include whether you’re self-employed or if you can be claimed as a dependent on someone else’s tax return.

If you bought health insurance through the federal or state marketplace in 2014, and either receive advanced payments of the Premium Tax Credit or wish to claim the credit, you must file.

Even if you don’t need to file a tax return, you still might want to. For example, if you had taxes withheld from your paycheck, you should file a return so you can get a refund. You could also be eligible for certain credits, such as the Earned Income Tax Credit or the Premium Tax Credit.

Learn more by downloading Publication 501 from


About cozbycpa

Heather L. Cozby is a CPA on the South Shore and Cape Cod. The managing partner of Cozby & Company, LLC, Heather has the resources and experience necessary to provide quality professional services on a timely basis and at a reasonable cost. She specializes in tax planning & preparation; audit, review & compilation services; management advisory services; bookkeeping; and accounting. Her unique niche is in working with homeowners’ associations and condominium trusts, advising with rental real estate, and providing outsourced financial consulting for mid-sized companies. She is more entrepreneurial than most accountants, and offers the best of both worlds - providing the services of a larger firm while retaining the ability to connect with her clients on a personal level.
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