I made about 12 thousand dollars in two months but no taxes were withheld then I was laid off and got unemployment for the remainder of the year, should I try to file? I had a baby during the year would it level out or will I pay?
2007-01-11 01:09:34 · 7 answers · asked by jimmys2277 1 in Business & Finance ➔ Taxes ➔ United States
You must file and pay any tax due. Your earned income is well above the ceiling for exemption from filing requirements.
If you have a dependent child and the $12k was your only income you might even have money coming to you with the EIC and Child Credit. You can't get that unless you file.
2007-01-11 01:53:10 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
If you made 12k, you're required to file. If you have a baby now, you'll probably get money back anyway... in fact, probably quite a bit... at least if you can file as head of household and get the Earned Income Credit for the child.
2007-01-11 11:34:28 · answer #2 · answered by kittikatti69 4 · 1⤊ 0⤋
Should you "try" to file?
If you don't you are facing criminal penalties (including jail) if not filed and paid (if you owe).
Just ask Richard Hatch from Survivor, he got 10 years for not paying.
It is hard to say what you liability could, or could not, be without knowing your filing status and total income (including unemployment). Odds are you won't owe, and you may be entitled to the earned income credit as a refund.
Go see H&R Block with your info, they will be able to tell you for sure.
2007-01-11 09:17:37 · answer #3 · answered by Gem 7 · 2⤊ 1⤋
Many states do not require you to file if you make less than around 20,000 dollars. I assume by your avatar you are a male, and if you actually had a baby, then I suggest you forget about tax filing for money and instead go on David Letterman as "The Man With a Womb!" and make millions.
2007-01-11 09:17:45 · answer #4 · answered by Anonymous · 1⤊ 2⤋
if you had not file in an income tax return before and your total income for the entire 2006 is $12K, you need not file. Even if you did, you will not be taxed base on this amount alone.
2007-01-11 09:22:13 · answer #5 · answered by Winston D 1 · 0⤊ 3⤋
If they sent info to the IRS you HAVE to file. Forget trying.
2007-01-11 10:47:13 · answer #6 · answered by vegas_iwish 5 · 0⤊ 0⤋
NO .. It's varies on what you made for that yr. if any..?
2007-01-11 09:48:50 · answer #7 · answered by liontiver1992 2 · 0⤊ 2⤋