What is the maximum amount of money one can earn in a year without being required to pay taxes?

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2026-08-19 21:36

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The maximum amount of money one can earn in a year without being required to pay taxes is determined by the standard deduction set by the government. For the tax year 2021, the standard deduction for a single filer is 12,550. This means that if your income is below this amount, you generally do not have to pay federal income taxes.

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