Even if elegible for other deductions, like under India Tax Treaty, it's not needed to go through all that since you'll get a full refund of taxes paid anyways..correct?
2007-04-13 10:54:05 · 3 answers · asked by Freaked out 3 in Business & Finance ➔ Taxes ➔ United States
Basically, correct. If you're single, not a dependent, and your income wasn't from self-employment, you can make $8450 before you have to file - you get your $3300 exemption, and also a $5150 "standard deduction". But if you had anything withheld for federal income tax, you can file to get it refunded - if you don't file, you don't get a refund.
2007-04-13 11:05:37 · answer #1 · answered by Judy 7 · 1⤊ 0⤋
Yes, claim them. You could get a refund. I'm sure you can use an extra egg in the nest. We all could.
2007-04-13 11:06:36 · answer #2 · answered by lightbulblady1 3 · 0⤊ 0⤋
Claim them all, you may be able to get more money back.. any credits you get beyond your deductions only add to your refund.
2007-04-13 10:58:53 · answer #3 · answered by JanksGirl 2 · 0⤊ 1⤋