do i have to do anything about the few mundane checks i wrote when i do my taxes?

Question

i have never done my taxes before. my parents usually take care of it. but i am worried about next year's taxes b/c i wrote a few checks (to buy skin care products) that my parents donn't know about. i don't know whether i should bring up these checks i wrote. do they matter? will i have to "declare" them or something? All i do is work full time at a local resort, i'm 18 and i have a lot of money in the bank.

Answer 1

The only things you report on your tax forms are your income (all sources) and only the deductions that are allowed.

You can't deduct personal expenses, so you don't have to worry about the goodies you bought. Technically, all of your personal expenses are covered by the "standard deduction".

What you should do is let your parents claim you if you still live with them, and then file your own taxes for your own income on 1040 ez. There's a worksheet on the back for you to claim yourself AGAIN and get a partial deduction. This is usually the way for your family to suck the most money back out of the IRS and put it into your hands where it belongs.

Plus it's legal.

Answer 2

Those checks should not come into play at all. To do your taxes, you will need your tax statements like W2 forms from your job and 1099's from any interest you might have earned. It is unlikely that you will be allowed anything other than the standard deduction, so no one will need to see any of your canceled checks.

Answer 3

Most things you spend money on is not deductible, so you will never have to reveal them to anyone, including the IRS. Skin care products fall into that category, unless it was specifically used for your job (not just to make you look better for it).

Answer 4

That type of expense has nothing to do with your taxes, so quit worrying.

Answer 5

no - that should have nothing to do with your taxes.