Latest news from Suamico, WI collected exclusively by city-data.com from local newspapers, TV, and radio stations. Ancestries: German (33.3%), Polish (13.5%), Irish (8.0%), Dutch (4.4%), French (3.8%), Norwegian (3.4%).
Income Thresholds. The Internal Revenue Service sets minimum income levels each year for taxpayers, and you must file a return if your gross income exceeds the threshold that applies to you. As of 2012 the threshold for taxpayers under 65 filing as single was $9,750.
Generally, once you reach a certain income level, the law requires you to file. The amounts are adjusted annually for inflation. The income amounts also are based on taxpayer age on the last day of the tax year. Individuals younger than age 65 must file if they make certain amounts. The earnings threshold amounts go up a bit for older (65-plus) individuals. Regardless of age, the earnings target is the same for married couples who file separate tax returns. In most situations, your age for tax purposes depends on how old you were on the last day of the year.