What is the filing threshold for a married couple under 65 with one dependent for tax year 2021?

For the tax year 2021, the filing threshold for a married couple under 65 with one dependent is indeed $51,957. This threshold is important for determining whether a couple is required to file a federal income tax return. The threshold takes into account the standard deduction as well as additional considerations for dependents.

In this case, the inclusion of a dependent affects the calculation of the filing threshold. The thresholds are set by the IRS and are adjusted yearly to reflect changes in tax law, inflation, and other economic factors. For 2021, the adjusted gross income (AGI) threshold for married couples filing jointly, along with the dependent considerations, adds up to $51,957 specifically.

Understanding the filing thresholds is essential for taxpayers to ensure compliance with filing requirements and to maximize potential deductions or credits they may be entitled to based on their specific circumstances.