2007-04-17 14:01:43 · 3 answers · asked by Andrey S 2 in Business & Finance ➔ Taxes ➔ United States
EDIT:so I just found out that if I don't make more than 5500$ then I don't need to worry about it. my loans are 4800$. so even if it's considered income, I don't have to pay taxes. coooool. today is the last day.
I hope my findings are true. either way I am not hiding billions of drug trade money so who will care about me.
2007-04-17 14:39:21 · update #1
As long as you did not make any income last year, you are not required to file taxes.
2007-04-17 14:08:45 · answer #1 · answered by Ola 4 · 0⤊ 0⤋
Loans are not considered as income, and yes, if your grant income is under $5500 you don't have to file, and don't owe any taxes.
2007-04-17 14:54:09 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Only if you qualify for the Phone Tax Rebate. File Form 1040EZ-TC for that.
2007-04-17 14:06:50 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋