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The following are current tax tips and tax tables for your information and reference. Bookmark this page as there will be new materials posted often. Please contact our firm for other timely tax concerns that you may have.
Tax Tips | Tax Tables | Exemptions | Who Should File
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WHO SHOULD FILE?
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| IF your filing status is... |
AND at the end of
1999
you were...* |
THEN file a return if your gross income** was at least... |
| Single |
under 65 65 or older |
$7,050
8,100 |
| Married filing jointly*** |
under 65 (both spouses) 65 or older (one spouse) 65 or older (both spouses) |
$12,700
13,550 14,400 |
| Married filing separately |
any age |
$2,750.00 |
| Head of household |
under 65 65 or older |
$9,100.00 10,150.00 |
| Qualifying widow(er) with dependent child |
under 65 65 or older |
$9,950 10,800 |
* If you turned age 65 on Jan 1, 2000, you are considered to be age 65 at the end of
1999.
**Gross Income means all your income in the form of money, goods, property, and services that is not exempt from tax, including any gain on the sale of your home (even if you may exclude or postpone part or all of the gain). Do Not include your social security benefits unless you are married filing separate return and you lived with your spouse at any time in
1999.
*** If you did not live with your spouse at the end of 1999 (or on the date your spouse died) and your gross income was at least
$2,750, you must file a return regardless of your age.
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Tax Rules and Regulations may change: Consult our professionals for your tax advice.
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