You should file them. You could get back even more than you actually paid in with the child tax credits and earned income credit. BTW, you can do TurboTax on the web and calculate your return. It's easy to do and it walks you through all the steps so you'll know how much you're getting before you even file. It's a good tool!
2006-12-29 07:17:35
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answer #1
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answered by glitterkittyy 7
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You should definately do your taxes. No tax office, whether it be a store front office or H & R is legally able to charge you a dime if they don't file the taxes for you. To figure your amount of refund, it is free and they must give you back all of your documentation (that you provided).
If you file, you will get to claim the Head of Household filing status plus the exemption for yourself and your daughter. These figures alone will probably reduce your taxable income to 0. Therefore, you will get a refund of---all Fed and State taxes withheld from you, Earned Income Credit for your child (the amount varies upon your "Earned Income" amount), and you may even qualify for a refund of some or all of the child tax credit (which is $1,000 per child)--the amount able to be refunded depends also on the amount of income you earned during the year.
Your refund could be a substantial amount of money...in your pocket.
Please do yourself a favor and file your taxes. Contact a local tax person or the IRS or do it online yourself. Just remember, if you take it to a tax office, they cannot charge you $ unless they actually file the tax return for you. In order to file, you must agree to the return, sign either the return itself or an e-file form. No one can charge you for advice only.
Also, do not sign up for any rapid refunds of your money. It is a rip off. Your refund is yours alone and if you file your taxes online, through electronic filing, you will get the money directly deposited into a savings or checking account usually within 7 days.
Hope this helps. :)
2006-12-29 23:04:12
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answer #2
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answered by Meg 2
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I'm amazed at the number of people who said you had to file a return no matter how much you earned. That is totally untrue. Wouldn't hurt to file to get back what you've had withheld plus maybe some earned income credit. Whatever you do, don't call the IRS for help. Waste of time, you'll sit on hold for hours just to be given to some fresh faced 18 year old who doesn't know what a 1040A form is. Seriously, it happened to me! Talk about being angry! Anyways, if you go into H&R Block and turns out you don't have to file or you aren't getting enough back to warrant filing, they won't charge you anything and will let you take your documents if they can't help you.
2006-12-29 16:05:21
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answer #3
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answered by Fool in the Rain 6
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If you're single and not a dependent of anyone else, you don't have to file unless you made at least $8450. You are allowed to file if you made any income at all.
It will probably be in your best interest to file even if you are not required to. If you had anything withheld for federal taxes, the only way you'll get it back is if you file. And you might be eligible for the Earned Income Credit, which could pay you back more than you had withheld.
2006-12-29 18:04:55
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answer #4
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answered by Judy 7
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Even if you worked a little, that's earned income and you would qualify for a credit even if you only made a little amount of money.
Let's say you only made $5,000 last year. Not a lot, right? Wrong! You would qualify for an earned income credit (tax refund) of over $1,700!
So as you can see, you definitely want to file. You can go out to turbotax.com and using their online software, it will give you an estimate of how much you will get back. You don't have to pay unless you file. I do taxes for everyone in my family using their site.
2006-12-29 17:07:35
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answer #5
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answered by Kevin K 3
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You have to file a tax return no matter what. Since you earned so little, plus you now have another dependent, you may get a hefty tax return. With low enough income, you get back all of the federal taxes you paid in. You may also qualify for the earned income credit. Plus, another dependent lowers your tax liability, giving you a higher return.
If you need help filling out the forms, call the IRS help line, or even better, find a nearby IRS office and they will help you out. You will probably need an appointment. If you go to H&R Block or any of these other store-front tax places, they are charging you money and pairing you with a temp who took a two week course, whereas the IRS is staffed with professionals who have been doing this for quite awhile, and the IRS doesn't charge for their help.
2006-12-29 15:21:42
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answer #6
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answered by Uther Aurelianus 6
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File them. I am telling you! If you don't file them, you can be penalized for it later on down the road. And besides, you are eligible for the EIC (Earned Income Credit) and the base of that credit is over $1000. And it helps out, a lot! Believe me. Easiest way...go to H & R Block, they do it all for you for a very small fee.
2006-12-29 15:21:08
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answer #7
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answered by McK's Mom 2
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You will get back all the taxes your paid and earned income for your child. So it is worth it if you need the money
2006-12-29 15:14:43
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answer #8
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answered by julieg_68 3
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OK...quick lesson.....
1) you have to file an income tax return regardless of how little you worked
2) if your income is low enough to not have a tax liability at all (since you also have a daughter), then you would be entitled to a REFUND of whatever taxes were withheld from your pay.
2006-12-29 16:23:57
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answer #9
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answered by Tiberius 4
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they most likely with held taxes from your earning.. so File you will get that money back..
2006-12-29 15:18:57
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answer #10
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answered by TC_43 3
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