I am a freshman in college and I have had 3 part time jobs. I know that I made under $10000 in the year and I was wondering how to file for taxes! I also moved to a new address so the forms I got from the businesses have my old address on it! How can I file for taxes and would I get any money back? The big question is, when is the best time to file!!
2007-03-19 09:52:20 · 2 answers · asked by chulhui123 1 in Business & Finance ➔ Taxes ➔ United States
Also, im 18 years old turning 19 next month. Would filing taxes have any affect on my parent's income? I live at home and drive to college everyday
2007-03-19 09:53:32 · update #1
I guess I have to use the 1040ez form. Can I write down any deductions? like gas or something that i might not know of. And, I also recieved a tax statement from bank of america saying that i got "interest income" on the us govt savings bonds that I have cashed in of $2400. I made under $5000 from my jobs last year. please help
2007-03-19 12:07:03 · update #2
Im sorry for all this excess info, but i want to repeat that i am in college and do i need to file a state and federal tax return? how can i do it!
2007-03-19 12:29:57 · update #3
As long as your parents actually supplied over 1/2 of your support, they can claim you as a dependent.
Did you mean under $10000 (like 8900 or 9500), or did you mean under $1000?
The address on your W-2 isn't important. You taxes will be about 10% of the amount over $5150. You will get money back if more than that was withheld. You must file by 4/17. If you are getting money back, file as soon as possible.
You can use form 1040-EZ.
Try this link for e-filing, or download the form from www.irs.gov.
http://www.irs.gov/efile/article/0,,id=118986,00.html
2007-03-19 10:21:15 · answer #1 · answered by CarVolunteer 6 · 0⤊ 1⤋
From the info in your question, you are probably still a dependent of your parents.
If all your income is on W-2's, you would file taxes on a 1040EZ. Add up the amounts on your W-2's. Be sure to check the box on line 5 that says you can be claimed as a dependent by someone else. You won't get back everything you paid in, but if you paid in more than you owe in taxes, you'll get the rest back as a refund.
If you have money coming back, the best time to file is as soon as possible, so you get your money sooner.
2007-03-19 11:49:01 · answer #2 · answered by Judy 7 · 2⤊ 0⤋