What is the filing threshold for single taxpayers under 65 years old in 2022?

In 2022, the filing threshold for single taxpayers under 65 years old is indeed $12,950. This threshold represents the minimum gross income that a single individual must have before they are required to file a federal tax return. The threshold is adjusted annually for inflation, and for the tax year 2022, it increased from $12,400 in 2021. Taxpayers who exceed this amount must file a return to report their income and potentially pay taxes on it, regardless of whether they owe any taxes or not.

It’s important for taxpayers to understand this filing threshold because it helps determine their tax responsibilities and whether they should file a return to receive a refund or provide any necessary documentation to the IRS. The other options present figures that may have been relevant in previous years or could be based on different filing statuses or ages, but they do not accurately reflect the correct threshold for single taxpayers under 65 for the tax year 2022.