I'm 21 and live in Massachusetts. I'm a fulltime student at a community college receiving no finicial aid or anything like that. I also live at home so my parents are claiming me. I'm trying to figure out what tax form I need to use. I know the 1040EZ is the standard but I also heard that you can deduct your school tuition (which i received a 1098t for) and I also have a 1099 from a company I worked with briefly. Will I still be using the 1040EZ or do i now have to use another form?
2007-03-10 04:26:50 · 2 answers · asked by TGBoston 3 in Business & Finance ➔ Taxes ➔ United States
my 1099 was for $900 and while I worked all expenses were covered by my empoyer.
2007-03-10 04:40:44 · update #1
Use the 1040. You cannot file 1040-EZ.
Remember if you earned more than $433 from your "1099" work you will have to pay 15.3% SE tax. Make sure you have records of all the expenses you incurred in earning the 1099 income.
2007-03-10 04:32:18 · answer #1 · answered by skip 6 · 0⤊ 0⤋
check this site to help you maximize your deductions - especially because of the 1099!
2007-03-10 05:28:20 · answer #2 · answered by Anonymous · 0⤊ 0⤋