If you're under 65 years old, you have to file an income tax return if you make at least:

• $8,750 as single filers.
• $11,250 as head of household filers.
• $17,500 as married couples filing jointly and both husband and wife are younger than 65.

If you're 65 and older, you get a little bit more of a break. You only have to file a return if you make at least:

• $10,050 for single filers.
• $12,550 for head of household filers.
• $18,550 for married couples filing jointly where one spouse is age 65 or older.
• $19,600 for married couples filing jointly where both partners are 65 or older.

A child may or may not be liable for the filing of an income tax return, depending on the type of income.

• Earned income - a child's return must be filed if the earned income is more than $5,350.
• Unearned income - a child's return must be filed if the unearned income is more han $850.

How to Get Organized to File & Prepare Your 2008 Tax Return Online?

The highly use of technology is that much of the records of your income and expenses is maintained online now. Like Bank account charges & credit card expenses or other many accounts can all be found by setting up your account access online. Wages, salaries, interest, dividends, 401(K) and IRA distributions, and many other forms of income are required to be documented on W-2's or 1099 forms that will be mailed to you, usually in January, before you file your taxes.

With this information, you have the vast majority of the documentation you need. Things like mileage logs, home office calculations, etc. are items you need to create and maintain yourself, however, and these can be very important as they can save you large amounts of money when you file.To find complete guides, calculators, checklists and other helpful ways of getting organized tax documentation at Quick Tax Preparation.

Paying tax on time and filing tax return preparation on time is definitely one of the most important things. The United States government has made it mandatory for people who are earning to pay their tax on time or else they will be heavily penalized. Therefore, it is very important to do this on time.