I am 18 and a single parent. and will not be claimed on my parents income tax. Can I file with miminum incom

Answer 1

Minimum income? What do you mean by that?

If you have income from wages of more than $8,450, you MUST file a return. If you have Self-Employment income of more than $400, you must file. If you have unearned income of more than $850, you must file.

If your earn less, you only need to file to receive a refund of any taxes paid and / or to claim the Earned Income Tax Credit. Since you are a single parent you should be able to get the EITC even if you have no tax liability.

You probably also qualify to file as Head of Household which will save you some tax money as well.

Answer 2

Unfortunately, there isn't a simple yes or no answer to your question. There is a refundable credit available to people called the Earned Income Tax Credit (EIC or EITC) that generates some big refunds in some cases. Normally it's only available to people between the ages of 25 and 65 unless you are raising children which overrides the age requirement. So you are eligible if you have the right amount of earned income. You must have some EARNED income to qualify for it, but since it's designed to help lower income people, as your income goes up, it is phased out until it goes completely away. There is also a refundable credit called the Child Tax Credit. The next thing to consider is who supported you and your child if you only have minimum income? If that person is related to you and the child as in the case of parents, it may be more to your advantage to allow them to claim both of you if they have more income in order to generate a larger EIC. If their income is higher than about $44,000 it may be too high. You really need some advice from a Tax Pro who can evaluate your income and living situation. Most tax prep companies will advise you without charge should you decide to go elsewhere.

Answer 3

If you have any earned income you'd probably be eligible for Earned Income Credit - you won't get that unless you file. And if you had anything withheld for federal income tax, but it was more than the taxes you owe, then you should file to get a refund.

Depending on your living arrangements, you might be able to file as head of household, or might file as single.

Answer 4

You CAN file with ZERO income. It would be a waist of paper, but it is legal. As a single mother with little income, you are probably eligible for the EIC (earned income credit). If you are, you may get a 'refund' of MORE than you paid in. the minimum income to claim the EIC is $1.00.

Answer 5

You should file as single head of household if you need to get a refund for your taxes paid. The cutoff is $10,850 in income if you paid taxes. If you earned below $10, 850 and didn't pay taxes, you shouldn't need to file. The full details are below. A free tax preparation link is also listed.

Answer 6

you won't be able to declare a toddler as eqivelent to companion till you're a unmarried discern. he caan pass on the return for tips purposes. and scientific fees could nicely be claimed in the journey that your parents pay for them and that they don't look to be a hundred% coated via a scientific plan. scientific fees could be atleast 3% of the great earnings tho and that is puzzling to do while 80% is roofed and you're in a severe earnings homestead. he could record his very own return this twelve months (if 18 is legal age-next no remember if it quite is 19) so he xcan recieve gst cheques. despite if he has no earnings.

Answer 7

How minimum??
If you are working than yes you can, you will get a work credit and the child dependent credit, with each child you get at least $900. You Just need to make sure that no one will claim you or your child. There are places out there that will file your taxes for free, so make sure you look into that.

Answer 8

You can claim head of household I believe and for earned income credit.....