Tax tip: To file or not to file - Spokane, North Idaho News & Weather KHQ.com

Tax tip: To file or not to file

SPOKANE, Wash. - You must file a tax return if your income is above a certain level. The amount varies depending on filing status, age and the type of income you receive.

For example, a married couple both under age 65 generally is not required to file until their joint income reaches $17,900. However, self-employed individuals generally must file a tax return if their net income from self employment was at least $400.

Check the "Individuals" section of the IRS Web site at IRS.gov or consult the instructions for form 1040, 1040A, or 1040EZ for specific details that may affect your need to file a tax return with IRS this year.

Even if you don't have to file, here are six reasons why you may want to file:

1. Federal Income Tax Withheld. If you are not required to file, you should file to get money back if Federal Income Tax was withheld from your pay, if you made estimated tax payments, or had a prior year overpayment applied to this year's tax.

2. Recovery Rebate Credit. If you did not qualify or did not receive the maximum amount for the 2008 Economic Stimulus Payment, you may be entitled to a Recovery Rebate Credit when you file your 2008 tax return.

3. Earned Income Tax Credit. You may qualify for the Earned Income Tax Credit, or EITC, if you worked, but did not earn a lot of money.  EITC is a refundable tax credit meaning you could qualify for a tax refund.

4. Additional Child Tax Credit. This credit may be available to you if you have at least one qualifying child and you did not get the full amount of the Child Tax Credit.

5. First time Homebuyer Credit. If you bought a main home after April 8, 2008, and before July 1, 2009 and did not own a main home during the prior 3 years, you may be able to take this refundable credit.

6. Health Coverage Tax Credit.  Certain individuals, who are receiving certain Trade Adjustment Assistance, Alternative Trade Adjustment Assistance, or pension benefit payments from the Pension Benefit Guaranty Corporation, may be eligible for a Health Coverage Tax Credit when you file your 2008 tax return.

For more information about filing requirements and your eligibility to receive tax credits, visit the IRS Web site at IRS.gov.

Links:

Remember that all of the web page addresses for the official IRS website, IRS.gov, begin with http://www.irs.gov. Don' t be confused or misled by internet sites that end in .com, .net, .org or other designations instead of .gov. The address of the official IRS governmental Web site is http://www.irs.gov/.

  • Most Popular StoriesMost Popular StoriesMore>>

  • 2 stabbed to death, 1 injured on Portland train by man hurling racial slurs

    2 stabbed to death, 1 injured on Portland train by man hurling racial slurs

    Saturday, May 27 2017 11:29 AM EDT2017-05-27 15:29:58 GMT

    PORTLAND, Ore. (AP) - Police in Oregon say two people died and another was hurt in a stabbing on a Portland light-rail train after a man yelled racial slurs at two young Muslim women. The Oregonian/OregonLive reports officers arrested a man Friday afternoon who ran from the train.  Portland police Sgt. Pete Simpson says the assailant on the train was ranting on many topics, using "hate speech or biased language," and turned his focus on the women.

    >>

    PORTLAND, Ore. (AP) - Police in Oregon say two people died and another was hurt in a stabbing on a Portland light-rail train after a man yelled racial slurs at two young Muslim women. The Oregonian/OregonLive reports officers arrested a man Friday afternoon who ran from the train.  Portland police Sgt. Pete Simpson says the assailant on the train was ranting on many topics, using "hate speech or biased language," and turned his focus on the women.

    >>
  • Post Falls Officer pulls over little girl in power wheels Jeep

    Post Falls Officer pulls over little girl in power wheels Jeep

    Friday, May 26 2017 10:03 PM EDT2017-05-27 02:03:49 GMT

    POST FALLS, Idaho - Hometown Heroes. Every week, we highlight someone who works in public safety for all the good work they do. Tonight is a bit of a change from the typical Hometown Hero. It's the story of a little girl who suddenly became public enemy number one. Pat Eismann was patrolling the area in Post Falls when he noticed something a bit out of the ordinary. "I saw a little girl driving a power wheels jeep down the street," Officer Eismann said....

    >>

    POST FALLS, Idaho - Hometown Heroes. Every week, we highlight someone who works in public safety for all the good work they do. Tonight is a bit of a change from the typical Hometown Hero. It's the story of a little girl who suddenly became public enemy number one. Pat Eismann was patrolling the area in Post Falls when he noticed something a bit out of the ordinary. "I saw a little girl driving a power wheels jeep down the street," Officer Eismann said....

    >>
  • $10,000 bill for getting car stuck in newly poured concrete

    $10,000 bill for getting car stuck in newly poured concrete

    Saturday, May 27 2017 1:02 AM EDT2017-05-27 05:02:32 GMT
    (Mike Palm, The City of Lincoln Public Works and Utilities Department via AP)(Mike Palm, The City of Lincoln Public Works and Utilities Department via AP)

    LINCOLN, Neb,. (AP) - A driver could be facing a $10,000 bill after he plowed into newly poured concrete in Lincoln, Nebraska, and became stuck.      The accident occurred Wednesday on a portion of a road repair project in the state capital. Police spokeswoman Angela Sands said Friday that police won't cite the driver, 19-year-old Shadrach Yasiah. A police incident report says it wasn't obvious that the concrete wasn't dry and that Yasiah 

    >>

    LINCOLN, Neb,. (AP) - A driver could be facing a $10,000 bill after he plowed into newly poured concrete in Lincoln, Nebraska, and became stuck.      The accident occurred Wednesday on a portion of a road repair project in the state capital. Police spokeswoman Angela Sands said Friday that police won't cite the driver, 19-year-old Shadrach Yasiah. A police incident report says it wasn't obvious that the concrete wasn't dry and that Yasiah 

    >>
HD DOPPLER 6i
/