J. William Seabrooke CPA P.C.

The exclusive purpose for the information which is provided from this website is to disseminate information, and not to provide tax advice.

Insofar as filing a 2013 Federal income tax return is concerned, there are two situations which will probably apply to you:

1.  You are REQUIRED to file a 2013 Federal income tax return (you don’t have a choice in the matter), or

2.  While you are NOT REQUIRED to file a 2013 Federal income tax return, it is RECOMMENDED that you do (you do have a choice in the matter).  

If you are a resident of a state that does require the filing of tax returns, if situation #1 above applies to you, your state department of revenue would also like to have a tax return from you. 

2013 Federal Filing Requirements:  

The best reference document to use to obtain the specific requirements for your income tax situation is IRS Publication 17 ( http://www.irs.gov/pub/irs-pdf/p17.pdf ).   There are three factors which should be reviewed that relate to:

a.  Your gross income,

b.  Your filing status, and

c.  Your age

See pages 5-6,  and Table 1-1.  Additional information is provided for “Surviving Spouses, Executors, Administrators and Legal Representatives”, “U.S. Citizens and Resident Aliens Living Abroad’, “Residents of Puerto Rico”, “Certain Children Under Age 19 or Full-Time Students”, “Self Employed Persons”, and “Individuals With Income From U. S. Possessions”, and “Aliens”.

Table 1-2 on page 6 provides decision table criteria for both single and married dependents of taxpayers. 

Finally, Table 1-3 on page 7 may ultimately cause you to be required to file a Federal income tax return.  The table, entitled “Other Situations When You Must File A 2013 Return”  provides four conditions in which the tax return filing requirement must be met. 

While you may now be in the very small group of people who are NOT REQUIRED  to file a 2013 income tax return, there  may be cicrcumstances or situations in which the filing of a Federal (and possible a state) income tax return is RECOMMENDED: 

     Who Should File a 2013 Tax Return?

Do you need to file a federal tax return this year? Perhaps. The amount of your income, filing status, age and other factors determine if you must file.

Even if you don’t have to file a tax return, there are times when you should. Here are five good reasons why you should file a return, even if you’re not required to do so:

1. Tax Withheld or Paid.  Did your employer withhold federal income tax from your pay? Did you make estimated tax payments? Did you overpay last year and have it applied to this year’s tax? If you answered “yes” to any of these questions, you could be due a refund. But you have to file a tax return to get it.

2. Earned Income Tax Credit.  Did you work and earn less than $51,567 last year? You could receive EITC as a tax refund if you qualify. Families with qualifying children may be eligible for up to $6,044. Use the EITC Assistant tool on IRS.gov to find out if you qualify. If you do, file a tax return and claim it.

3. Additional Child Tax Credit.  Do you have at least one child that qualifies for the Child Tax Credit? If you don’t get the full credit amount, you may qualify for the Additional Child Tax Credit. To claim it, you need to file Schedule 8812, Child Tax Credit, with your tax return.

4. American Opportunity Credit.  Are you a student or do you support a student? If so, you may be eligible for this credit. Students in their first four years of higher education may qualify for as much as $2,500. Even those who owe no tax may get up to $1,000 of the credit refunded per eligible student. You must file Form 8863, Education Credits, with your tax return to claim this credit.

5. Health Coverage Tax Credit.  Did you receive Trade Adjustment Assistance, Reemployment Trade Adjustment Assistance, Alternative Trade Adjustment Assistance or pension benefit payments from the Pension Benefit Guaranty Corporation? If so, you may qualify for the Health Coverage Tax Credit. The HCTC helps make health insurance more affordable for you and your family. This credit pays 72.5 percent of qualified health insurance premiums. Visit IRS.gov for more on this credit.

To sum it all up, check to see if you would benefit from filing a federal tax return. You may qualify for a tax refund even if you don’t have to file. And remember, if you do qualify for a refund, you must file a return to claim it.

The instructions for Forms 1040, 1040A or 1040EZ list income tax filing requirements. You can also use the Interactive Tax Assistant tool on IRS.gov to see if you need to file. The tool is available 24/7 to answer many tax questions.

Additional IRS Resources:

• Publication 596, Earned Income Credit
• Publication 972, Child Tax Credit
• Publication 970, Tax Benefits for Education
• Health Coverage Tax Credit 

IRS YouTube Videos:

• Do I Have To File a Tax Return? – English | Spanish | ASL  
• Education Tax Credits – English | Spanish | ASL  

IRS Podcasts:

• Education Tax Credits – English | Spanish