I'm 20yrs old, a dependant, and a full-time student in NY. I am currently making $7600 but will soon be making around $10000. I wanted to know if i'm suppose to file taxes or can i just wait until i'm no longer a dependant to file?
2007-01-26 10:47:48 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
I use all my income to pay for school, so i want to get some back
2007-01-26 10:57:28 · update #1
A dependent who made over $5150 in 2006 is required to file a return, so yes, you do have to file.
2007-01-26 14:07:42 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
I was a dependent in the year 2004, and I made about 9,000 for the year, I filed my taxes on turbotax.com and i got back everything I paid in and a 1,200 forgiveness credit for making so little, so if I were you I would file yours just so that you can get some money back
2007-01-26 10:55:06 · answer #2 · answered by u_luv_mee_mee_4ever 1 · 0⤊ 0⤋
Since you are claimed as a dependent by another taxpayer, you MUST file a return yourself as your income is above the limit for someone in your situation.
2007-01-26 10:57:51 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
even though you cant claim yourself, you should still file as you will get some of the money back that they took out during the year.
2007-01-26 10:54:16 · answer #4 · answered by george 2 6 · 0⤊ 0⤋