Do you have to pay federal income taxes if your only source of income for the year was $150 (savings bonds)?
Public Comments
- No, you only have file if you have more income than your standard deduction (single $5150).
- No. I believe you must make $600 or more.
- no, keep the change!
- No. You're good to go. Did you even cash the savings bonds in? If you didn't cash them in, it's not considered income yet.
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