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Do you have to pay federal income taxes if your only source of income for the year was $150 (savings bonds)?

Public Comments

  1. No, you only have file if you have more income than your standard deduction (single $5150).
  2. No. I believe you must make $600 or more.
  3. no, keep the change!
  4. 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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