Tax guide

How much do you have to make to pay taxes?

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 2020:

  • Single: $12,400
  • Married Filing Jointly: $24,800
  • Head of Household: $18,650
  • Qualifying Widower: $24,800

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.

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