2007-10-11 06:01:41 · 3 answers · asked by yarell16 1 in Business & Finance ➔ Taxes ➔ United States
Your income for the first four months of the year is taxable earned income. Your public assistance benefits are tax-free.
If you are single, you are not required to file if your wages totalled less than $8,750.
Although you may not owe income taxes, and may not be required to file, it may benefit you to file a tax return since you may be eligible for credits such as the Earned Income Credit, either for yourself alone, or for dependent children. If income taxes were withheld from your wages, you can get those refunded to you only by filing a tax return.
2007-10-11 07:51:14 · answer #1 · answered by ninasgramma 7 · 0⤊ 0⤋
Probably you should, and if you made enough, you might be required to.
You don't say if you are married or single, or if you have any dependent children living with you and if so, how old they are - that would make a difference in the limit to be required to file, and also whether you'd be eligible for EIC.
If anything was withheld for federal income tax, you can probably get a refund by filing even if you aren't required to.
2007-10-11 06:32:19 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
If you worked and had any taxes withheld, yes. Even if your income is under the filing requirement.
You might also be able to claim EIC, depending on filing status and other income.
Welfare is not considered taxable income.
2007-10-11 06:29:30 · answer #3 · answered by Celeste 6 · 2⤊ 0⤋