I'm a single-filling college student and made around 7,500 last year. I paid in state and federal, but will I get that all back? What is the cut off for a student whose parents still claim them as a dependent?
2007-02-05 09:42:32 · 5 answers · asked by HMBreest2 2 in Business & Finance ➔ Taxes ➔ United States
If you are claimed as a dependent you must file if you make over 5,150. See page 13 of the link I have provided. You will probably get everything you paid in, so it is probably to your advantage to file.
2007-02-05 10:05:00 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If your parents can claim you as a dependent, then you'd pay taxes on your earnings above $5150 for 2006 - that might be about $235 in taxes. If they can't claim you, then you'd get all of your federal income tax withholding back.
Parents can claim a full-time student as a qualifying child as long as they are under age 24 at the end of the year and meet the other requirements to be claimed. If you were 24 by 12/31/07, then they couldn't claim you.
2007-02-05 18:09:28 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
I believe if you make $200.00 and more dollars. From my understanding if someone else claims you on their taxes you can't claim yourself. If I were you I would call the IRS and ask them questions regarding that. There is a 1-800 number that you can call to find out the correct answers. There is no harm in asking them.
2007-02-05 17:53:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You still need to file if you paid taxes into the system. Just fill out the 1040 EZ, it'll take about 10 minutes, and you'll most likely get some money back.
2007-02-05 17:50:11 · answer #4 · answered by Michael D 2 · 0⤊ 1⤋
IRS site says only those who made over $8500 for the year must file a return.
2007-02-05 17:51:27 · answer #5 · answered by daven71 4 · 1⤊ 0⤋