Do you have to file a tax return? Maybe not.

While the Internal Revenue Service gets around 140 million returns a year, millions of Americans are exempt from this annual duty.

Before you wish you were among that group, however, take a look at just who typically does not have to file a 1040. http://finance.yahoo.com/news/who-is...190255976.html

Why the decrease? TPC analysts cite two key reasons, and one key reason why the people have a reason, both related to the economy.
First, the recession meant a lot of individuals didn't earn enough to file a return.

Second, to help those struggling in the recession, the president proposed and Congress agreed to stimulus measures that reduced their taxes.

Third they followed the law. Private Credit vs. Lawful Money.


More from Bankrate:
• Who has to file taxes?
• Choosing a tax filing status
• States with no income tax

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