Can 18 year olds who were 17 during the tax return period file for tax return?

Question

I was 17 during my time of employement in 07, I am now 18 and want to file on my own... Am I able to do so?? How much of your taxes do they actually return?

Answer 1

The requirement to file is based upon your income, not your age. If your parents can claim you as a dependent, the magic number for income from wages is $5,350 for 2007. If you can not be claimed as a dependent on your parents' return it rises to $8,750. Since you are 18 your parents can still claim you as a dependent unless you provide more than one-half of your own support. Once you turn 19 they can still claim you if you are a full-time student.

Whether you get a refund or have to pay when you file depends upon your total tax liability and how much tax was withheld during the year. From my experience, most teens with a part-time job at or near minimum wage see a small refund, typically less than $200 though your numbers may vary widely based upon your income and how you filed your Form W-4 at your job.

Answer 2

First off it's no surprise you are working for a law firm, they are amongst the worst for abusing the independent contractor status of employees. The IRS currently has an offer to employers to avoid penalties for reclassifying employees correctly right now. Are you paid by the hour or the amount of work? If by the hour you should definitely be classed as an employee and they should be paying half of your social security and medicare and be responsible for workman's comp. and unemployment taxes. That of course is exactly why they don't want "employees". You might get a tax break for being a student if you get to claim yourself, but because of age and your parents tax problems that probably won't happen. So my suggestion to you is this. As soon as you get paid take 20% of your check and go put it into a separate savings account. Then when the payment dates come up (April 15, June 15, Sept. 15 and Jan 15) take the money out of that account (all but enough to keep the account open) and send it in to the IRS along with a form 1040-ES. The form and more Information about employees vs independent contractors can be found at www.irs.go. They have a search box in the top right hand corner of their web site that will help you get to the right spot.

Answer 3

Do you have an income?

The requirement to file depends on the amount of income, the type of income, your age, your marital status and whether or not you are claimed as a dependent on someone else's return.

I was filing tax returns starting around age 12.

Answer 4

You must file your return if you meet the filing requirements. Also even if you are not required to file, the if any federal or state income tax is held from your wages, then you should file to get the refund.

If your filing status will be Single dependent, then you must file a return if any of the following apply.
• Your unearned income was more than $850.
• Your earned income was more than $5,350.
• Your gross income was more than the larger of:
$850, or
Your earned income (up to $5,050) plus $300.

Answer 5

yes, you can file as long as you are not claimed under another persons return. the return depends on the amount taken out usually based on your exemptions claimed.