ex. if i only made $3,000 do i have to file?
if im seventeen and my brother claims me, can i still file?
2006-07-22 02:38:56 · 6 answers · asked by keimalez19 2 in Business & Finance ➔ Taxes ➔ United States
the assumption everyone is making is that the $3000 is wages. If it non-employee compensation you have to file if you make $400 to pay social security tax on your earnings.
You need to file timely every year to avoid a potential penalty. There is a three year statute of limitations for filing for a refund. If you are claimed by someone else you cannot take a personal exemption.
2006-07-22 04:12:15 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Yes you can still file. I recommend you file sooner rather than later though to get your refund. The standard deduction this year is $5150, that means you can make up to that amount without having to file. But if you have had any withholdings from your paychecks, you will want to file. You must file your returns by April 15. You will be due a refund in the amount of your withholdings. On the state level it might be different. For example, michigan's deduction for dependants is only 1500, in which case the remaining amount over 1500 would be taxable. I don't know which state, you're in so I can't help you there. Same with city and local taxes. As far as FICA taxes, you can kiss those goodbye cuz you'll never see them again! Hope this helps!
2006-07-22 15:05:02 · answer #2 · answered by Josh 4 · 0⤊ 0⤋
You have 3 years to file your taxes (no penalty because they owe you). If your brother claims you, you may not also file. The good news, at your level, you will get some money back. A 1040 EZ form is really easy to fill out. Go to www.irs.gov if you have more quesitons.
2006-07-22 09:42:52 · answer #3 · answered by marie 7 · 0⤊ 0⤋
You have to file every year that you have an income.
If you made only 3,000 dollars, you'll probably get your tax money back, except Social Security.
2006-07-22 09:41:45 · answer #4 · answered by Phrosty 4 · 0⤊ 0⤋
You don't have to file at $3,000 but there maybe money owed to you from the gov'mt. don't let them have your money that you have worked hard at.
2006-07-22 09:44:08 · answer #5 · answered by say it ain't so 3 · 0⤊ 0⤋
At 3000$ you don't have nothing to pay, but you still have to fill the papers up as soon as you work: every year.
2006-07-22 09:41:06 · answer #6 · answered by Anonymous · 0⤊ 0⤋