Do I need to file a federal income tax return?

This seems to be a popular question, especially with older taxpayers. No matter what anyone tells you, it is always a good idea to file your federal income tax returns each year.

Filing Requirements Generally

Depending on your filing status, there are different income thresholds below which you do not need to file a federal income tax return with the Internal Revenue Service. However, how will you know for sure if you need to file unless you actually sit down and prepare your tax return?

Filing Status Generally

Below is a listing of the filing status and income thresholds for 2008: Single Individual......$8,950, Single Individual, 65 or older ......$10,300, Married, filing separate .....$3,500, Married, filing joint......$17,900, Married, filing joint, one spouse 65 or older......$18,950, Married, filing joint, both spouses 65 or older......$20,000, Head of Household......$11,500, Head of Household, 65 or older......$12,850, Qualifying widow(er)(surviving spouse)......$14,400, Qualifying widow(er)(surviving spouse), 65 or older......$15,450,