What is the filing threshold for single taxpayers under 65 in 2023?

For the tax year 2023, the filing threshold for single taxpayers under the age of 65 is set at $14,050. This threshold is determined by the IRS and is subject to annual adjustments based on inflation and other factors.

Taxpayers whose gross income is below this threshold are generally not required to file a federal income tax return, though they may choose to do so to claim refundable tax credits or to receive a refund of any taxes withheld. Understanding these thresholds is essential for taxpayers when determining their filing obligations and ensuring compliance with tax regulations.

Other amounts listed are not correct for this specific year and taxpayer category, as they either reflect outdated figures or inaccurately calculated thresholds. Familiarity with these annual adjustments is crucial for tax planning and filing purposes.