When is the breakoff for having to pay income taxes or not, in terms of wages?
2007-03-22 00:53:02 · 4 answers · asked by Pata loves cats 1 in Business & Finance ➔ Taxes ➔ United States
You will not have to pay income tax, but if the $3,000 was from self-employment (for instance if you got a 1099MISC rather than a W-2) you will have SE tax to pay at 15.3% of your "1099" income.
2007-03-22 00:57:52 · answer #1 · answered by skip 6 · 2⤊ 0⤋
file if want any withholding returned as refund. also, if you over age 26 or so, might be eligible for earned income credit even without kids
2007-03-22 01:03:59 · answer #2 · answered by jim06744 5 · 0⤊ 0⤋
You don't have to pay, but if any tax was withheld you still have to file. After all, you want all that money back.
2007-03-22 01:00:45 · answer #3 · answered by Joel S 3 · 0⤊ 0⤋
No
2007-03-22 00:57:57 · answer #4 · answered by Jo Blo 6 · 0⤊ 0⤋