2007-05-07 18:34:21 · 3 answers · asked by curiousmike 3 in Business & Finance ➔ Taxes ➔ United States
Yes, and it depends on the source of your income and your filing status.
If you have self-employment or 1099 income of $400 or more, you have to file.
If you can be claimed as a dependent, you have to file if your income is $5150 or more.
If you are single, but can't be claimed as a dependent, you have to file if your income is $8450 or more.
Other filing statuses have other limits, and the limits are a little higher if you're age 65 or over.
These limits are for tax year 2006 - except for self-employment, the limits increase a little every year.
Even if you might not have to pay any taxes, but very likely will.
2007-05-07 18:47:51 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
No, as soon as you start officially working you have to at least file for taxes. Most of the time you will get msot of it back in low-paying jobs (Such as a teenagers summer job). And it depends on your situation when your goingto have to start counting out the bills.
2007-05-08 01:42:16 · answer #2 · answered by Anonymous · 0⤊ 3⤋
YES
2007-05-08 10:15:12 · answer #3 · answered by acmeraven 7 · 0⤊ 0⤋