|
|
| *Loan,banking and credit>>>child tax |
I'm 18yrs old w/ no children and I made about $8000 last year.should I file taxes or let my mom claim me? |
I'm 18yrs old w/ no children and I made about $8000 last year.should I file taxes or let my mom claim me? You have to file a tax return whether she claims you or not. The total tax you owe between you is less if she claims you, although what is owed on yours will be higher (hers will be lower). Check the front page of the filing forms (you can get them from your local post office). It tells you which group of people have to file and who doesn't. But when I was 18 and living with my mother, I filed my own taxes. I made about 11,000 a year and didn't have any children. Oh man, you're at the poverty line, so you should file your own returns because you should get a refund. I think below $10000. you do not have to file taxes. If you let your mom claim you then u might have to file taxes Run the numbers both ways with Turbo Tax Online. http://turbotax.intuit.com/ Pick the way with the lower total tax and go with it. The advantage of doing it on the Web is that you don't pay Turbo Tax until you either e-File or print. Calculation is free, and that's what you need. Don't guess or believe in what other people think. There's a type of games that computer are just better at than the human mind. Chess and tax are such games. The human mind is good at outside-the-box breakthrough thinking. We're good at breaking the rules, but when it comes to dilemmas that require complex calculations and playing by the rules, use a computer. http://turbotax.intuit.com/ If you didn't provide over half of your support and you lived with your mom for over half the year, then she can claim you - it's not a matter of you "letting" her. If she can claim you, then yes, you need to file a return. If she can't, then you don't have to although you should if you had any taxes withheld, to get them refunded to you. |
| Tags |
| tax year income tax business tax car tax child tax cigarette tax corporate tax estate tax import tax inheritance tax |
SiteMap--Copyright/IP Policy--Contact Webmaster For personal non-commercial use only. |