I'm 19 and only earned under $3000 this year (from two seperate jobs). I'm also a full-time college student and still claimed as a dependent under my mother.
Do i HAVE to file?
2007-04-16 05:59:16 · 12 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Other - Taxes
Jagshemaj!
Generally, no. But if you had taxes withheld from your pay, you may want to file voluntarily to get the money back.
Here are a few situation in which you "HAVE to file":
1) You have "unearned income" of more than $300. (Unearned income is interest, dividends, etc.)
2) You earned $400 (after expenes) from self-employment. (If the job gave you a W-2 then you're not self-employed.
3) You received taxable scholarships, and the scholarships combined with your job income is more than $5,150.
The IRS website has a questionnaire that you can follow to determine if you need to file:
http://www.irs.gov/individuals/article/0,,id=96623,00.html
Djenkjie
2007-04-18 10:49:39 · answer #1 · answered by borat_almaty 2 · 1⤊ 0⤋
In the United States, yes, both State and Federal.
If you had any funds withheld (remember those tax forms back when you began employment), you may be getting a refund. If not, you still need to file (even though you probably won't pay anything), so that the government won't investigate.
I have no clue about Canadian law, though.
2007-04-16 06:09:10 · answer #2 · answered by Caroline 1 · 0⤊ 0⤋
I paintings at a real components place of work and merely because of the fact taxes are actually not taken out of their fee does no longer mean that they do no longer might desire to record a tax return each and every 12 months. that's as much as the agent to withhold their very own money to pay their taxes on the top of the 12 months. They do get 1099s. anybody is had to record a tax return that has an earnings.
2016-12-29 16:22:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Not necessarily. If your income is below a certain level you do not ned to file a tax return, but even if you are not required to you may still want to file to claim the money that as withheld from your wages
2007-04-16 15:12:44 · answer #4 · answered by anikatw06 2 · 0⤊ 0⤋
Not unless some of it was from self-employment. If it's all on W-2's, you don't have to file, but if anything was withheld for federal income tax, you'll get it refunded if you do file.
2007-04-16 06:25:23 · answer #5 · answered by Judy 7 · 0⤊ 0⤋
In US, no but if you had money withheld, yes to get it all back plus the telephone credit of $30...that is your choice. Do a simple 1040 EZ an any time in the next three years for 2006.
You are not required to file, BUT they will not send any overpayment back to you.
2007-04-16 06:10:19 · answer #6 · answered by Outside the box 6 · 0⤊ 1⤋
If you are still a dependent then you WILL need to file. For those claimed as a dependent on someone else's return the threshold for filing is $850 in annual income.
2007-04-16 06:15:31 · answer #7 · answered by Anonymous · 0⤊ 2⤋
no,, but if you had and federal or state tax withheld you will want to file to get a refund ,,
look at your W-2 forms,, if you had tax withheld, file a return for refund
2007-04-16 06:08:44 · answer #8 · answered by Jo Blo 6 · 0⤊ 0⤋
Are you from Canada or the US? The rules may be different.
2007-04-16 06:03:42 · answer #9 · answered by Anonymous · 0⤊ 0⤋
I'm pretty sure that your income requires you to file.
2007-04-16 12:03:33 · answer #10 · answered by ckm1956 7 · 0⤊ 1⤋