I am still listed as a dependent on my parent's income tax but made approximately $1700 last summer. Do I still have to pay income taxes?
2007-03-13 13:01:42 · 6 answers · asked by missspacecase 3 in Business & Finance ➔ Taxes ➔ United States
I am not under 18 but am still in college.
2007-03-13 14:41:10 · update #1
binda is mistaken. The 'kiddie tax' only applies to UNEARNED income. EARNED income must be on a separate return. With only $1700 in earned income, if you have no unearned income, you are not required to file and have no tax liability. If you had Federal income tax withheld, you are due a refund. You must file if you wish to claim the refund.
2007-03-13 14:09:13 · answer #1 · answered by STEVEN F 7 · 1⤊ 2⤋
Yes. any time you make an income, generally you have to pay taxes. However, in your case you'll get back almost all of withholding tax you paid by filing a income tax return.
2007-03-13 14:04:40 · answer #2 · answered by K(old man) 2 · 0⤊ 0⤋
Unless $400 or more of your income was from self-employment, you won't owe any taxes. But if anything was withheld for federal income tax, you should file to get it refunded to you.
2007-03-13 14:18:56 · answer #3 · answered by Judy 7 · 3⤊ 0⤋
If you are getting an official check from your employer and has tax taking off your check, then yes, you still have to file taxes and pay income taxes.
I hope that's the answer you are looking for.
2007-03-13 13:15:48 · answer #4 · answered by Bluecrazy 2 · 0⤊ 2⤋
you do have to file it.you can do it on your own or on your parent's return.since you are under 18 your income will be taxed as kiddie tax.you have to file form 8615 with your parents return.any income above $800 is taxable
2007-03-13 13:19:12 · answer #5 · answered by binda 3 · 0⤊ 4⤋
no you don't owe and don't have to file, but if any federal tax was withheld then you should file to get it all refunded.
2007-03-13 13:12:47 · answer #6 · answered by RichManPoorMan 2 · 2⤊ 0⤋