2007-02-03 04:43:59 · 5 answers · asked by Sean O 1 in Business & Finance ➔ Taxes ➔ United States
You are never really "exempt" from taxes, but in your case assuming your parents or someone else cant claim you on their return than you are under the filing requirements for the Federal Government (Single 5,150 standard deduction plus the 3,300 personal exemption). You will not have any taxable income and whatever the amount you paid into the government with your federal withholdings you will get back the full amount (unless you owe any other special taxes such as self-employment tax or a penalty on early withdrawal of retirement savings).
If you dont know how to prepare your own taxes seek professional help. Its always better to be safe than sorry.
2007-02-03 04:51:53 · answer #1 · answered by emeraldsky21 2 · 0⤊ 0⤋
Standard single deduction is $5150 , BUT . . .
Do parents claim you as a deduction ?
How much was taken out for fed taxes ?
Welcome to the adult world , and form 1040 . . .
Click on the link and the 1040 (2 sides) .
Also, get and read the 1040 instruction , even the items that don't apply this year, because next year they may.
Just read all the way , so next time you know where the info is located.
http://www.irs.gov/
2007-02-03 05:12:28 · answer #2 · answered by kate 7 · 0⤊ 0⤋
You would only be eligible for EIC if you are at least 25, or if you have a dependent child.
2007-02-03 14:45:51 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
you will receive all your money back, and you are eligible for the earned income credit if noone claims you as a dependent
2007-02-03 04:54:25 · answer #4 · answered by tma 6 · 0⤊ 2⤋
if thats all you made for the year you should be exempt based on income, therefor you should get nearly all of your federal taxes back
2007-02-03 04:47:13 · answer #5 · answered by Scott K 2 · 1⤊ 2⤋