Okay...I am 19, a full time college student and have a 3 year old daughter. I provide fully for my daughter and myself, I live on my own, which makes me head of house hold. I am currently working at my university. I filied exempt on the W4, because I would not be making over the maximum allowed. Does this mean that I cannot file taxes at the end of the year, or can I still file due to the fact that I will have the child tax credit because of my daughter? ANY help and information would be greatly appreciated. Thanks in advance!!!
2006-11-05 08:16:16 · 5 answers · asked by Beautiful Disaster 2 in Business & Finance ➔ Careers & Employment
How you file on your w-4 only tells your employer how much to take out for taxes. You are still required to file at end of year I am sure.
2006-11-05 08:23:16 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If the $342 is one bi-weekly verify, no you won't be able to document exempt, because you're able to have tax criminal duty on the best of the year. i'm guessing that not all of that $fifty seven is for federal income tax withholding - it in all likelihood incorporates different taxes like social protection, medicare and probably state and native taxes. do not document exempt. it isn't criminal that you'll achieve this, and also you may want to finally end up paying an outstanding in case you do, plus owing at tax time.
2016-11-28 19:41:18 · answer #2 · answered by nastasi 4 · 0⤊ 0⤋
You can definitely file. Since you've filed exempt, your employer won't withhold federal income tax from your check, but you might still be eligible for tax credits. Check into the Earned Income Credit - you might get something back for that since you have a child.
2006-11-05 10:27:50 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
You can still file. Check irs.gov website for complete info about your head of houshold status.
2006-11-05 08:20:12 · answer #4 · answered by upside down 4 · 0⤊ 0⤋