If you make more than the standard deduction for your filing status, you’re required to file a tax return and pay any taxes owed.
Standard deductions for 2019:
- Single: $12,200
- Married Filing Jointly: $24,400
- Head of Household: $18,350
- Qualifying Widower: $24,400
For anyone 65 or older, you can add $1,300 per spouse if they're married, or $1,650 if they're single or file as head of household.