So if you have a part time job, and you are a student. What is the maximum amount of money that you can make before you have to file an income tax form?
2007-09-22 16:20:19 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
$400 if it's from self-employment. Otherwise, if you're single and under age 65, $5350 if you are a dependent and $8750 if you aren't.
Being a student has nothing to do with what tax you pay or when you have to file.
2007-09-22 18:42:08 · answer #1 · answered by Judy 7 · 1⤊ 0⤋
See table 1 page 2 pub 501
If you are single under 65 not a dependant $8450
See table 2 page 3 pub 501
If you are single under age 65 and a dependant
If income is unearned $850
If income is earned – the amount of earned income (up to $4850) plus $300
See table 3 page 4 pub 501
If you have self employment income of at least $400
Even if you aren’t required to file, you may want to anyway to get a refund if there is any withholding.
http://www.irs.gov/pub/irs-pdf/p501.pdf
2007-09-22 17:15:54 · answer #2 · answered by Charlie & Angie G 4 · 0⤊ 0⤋
$8750 if you are a employee.
$400 if you are an independent contractor.
If you are a W2 employee and you make under $8750, you should file anyway to get your withholding (if any) back.
2007-09-22 17:01:54 · answer #3 · answered by Wayne Z 7 · 0⤊ 0⤋
Around $9,000 if you work for an employer.
2007-09-22 17:23:44 · answer #4 · answered by I Speak the Truth 5 · 0⤊ 1⤋