H1B first time file tax
How do I file my income tax for the first time?
5 Tips for How to File Taxes for the First Time
- Gather all of your tax documents.
- Decide whether your parents can claim you as a dependent.
- Consider relevant tax deductions and credits.
- Don’t forget about your gig economy income.
- File electronically.
How long does it take to file taxes for the first time?
six to eight weeks
The IRS typically takes six to eight weeks to process paper returns. When you file taxes online, on the other hand, your return should be processed in about three weeks. State tax filing authorities also accept electronic tax returns, which means you may be able to get your state tax refund faster, too.
How much do you need to make to file taxes?
Income requirements for filing a tax return
| Under 65 | 65 and older | |
|---|---|---|
| Single | $12,550 | $14,250 |
| Married, filing jointly | $25,100 if both spouses are under age 65. $26,800 if one spouse is under age 65 and one is 65 or older. | $28,500 if both are 65 or older. |
| Head of household | $18,800 | $20,500 |
| Married, filing separately | $5 | $5 |