The 2016 income levels at which individuals must file income tax returns:

  • Single Individual: $10,350
  • Single Individual, 65 or older: $11,900
  • Married Individual, separate return: $4,050
  • Married Couple, joint return: $20,700
  • Married Couple, joint return, one spouse 65 or older: $21,950
  • Married Couple, joint return, both spouses 65 or older: $23,200
  • Head of Household: $13,350
  • Head of Household, 65 or older: $14,900
  • Qualifying widow(er): $16,600
  • Qualifying widow(er), 65 or older: $17,850

You may wish to file your tax return even if you are not required to file. A few reasons for filing include;

  • You may receive a refund.
  • Maybe required for FASFA registration.
  • Maybe required for bank financing.