![]() |
|
| *Loan,banking and credit>>>income tax |
How do i know if i have to file income taxes? |
Ok so i worked part time at fed-ex through about half the year, maybe a little more. How do you know if you have to file for income tax ? isnt there something about if you dont make so much then you dont have to file ? im just thinking that if my mom claims me we would get more money back than i would if i filed. For you, did you earn more than $5,150? If not, you don't have to file. If you don't have to file, then try and figure out how much money in taxes you'll get back if you file (if any) vs. how much if your mom claims you. Your mom still might be able to claim you as a dependent even if you do file, but I'd ask a tax pro to be sure. under six hundred..otherwise your screwed If you made any money from anything and paid taxes on it you have to file your taxes. You have to file yourself. If you are under 18 your mom will file you as a depended and will make money off of you. Don't worry. But, if you've had a job that wasn't under the table you must file. Check with tax companies but you do have to make a certain amount of money to claim taxes. If you still live with your mom and maybe go to school, she can claim you as a dependent. ask parents if they know your tax file number If you get an income, you have to file. If you're a dependent of your parents, then if you make over $600 you'd have to file. So if your mom can claim you, then yes, you need to file. But if you're not eligible to be claimed as a dependent, then you don't have to file unless you made over $8450. If you had any taxes withheld though, even if you made less than $8450, you should file to get your money refunded to you. If your mom can claim you, then you still wouldn't pay tax unless you made over $5150. But you'd still be required to file. Your return won't affect what she gets back as long as she meets the rules to claim you. If you are over 24, or over 19 and not a full-time student, or if you provided more than half of your own support, then she can't claim you. |
| Tags |
| tax software tax table tax tips tax year income tax business tax car tax child tax cigarette tax corporate tax |
SiteMap--Copyright/IP Policy--Contact Webmaster For personal non-commercial use only. |