loan,banking and credit
*Loan,banking and credit>>>income tax

At least how much does my income have to be before i have to claim it on the taxes?



Not trying to scam the govt, but didn't make a lot at one job and don't want to wait for W-2

You have to make more than $3300 + your filing status before you're required to file (I'm assuming you're single):

Single: 3300 + 5150 = $8450

If your income is below this amount, you'll owe nothing, and so you don't have to file. If you had income taxes withheld, you have to file if you want your refund regardless of how much you made.

(Rawson is wrong. All of your pennies are taxable, but according to the tax code, section 6012, you're withn the "zero bracket" and not required to file if all of your pennies added together fall below your exemptions + standard deduction.)
Legally, if you made a single penny last year, you have to claim it on your taxes. There is a standard deduction, which if your income falls below that mark, then you won't end up owing anything, but you still have to file that penny with the IRS.
You have to had up all of your W2s together.

If you are over the minimum, there is no such thing is having a W2 that is too small to file.

You should wait for all of your W2s before you file.
its like less than 3k, around that, and remember, w2's aren't the only thing that goes into gross income. you could end up owing some.
It's your total income, not that from any given job, that determines the answer to your question. If the total is over the limit where you're required to file, then you have to file ALL of your W-2's even if some of them are very small.
Tags
tax software tax table tax tips tax year income tax business tax car tax child tax cigarette tax corporate tax
Related information
  • At least how much does my income have to be before i have to claim it on the taxes?
  • Do I need to file taxes quarterly as an independant contractor if I qualify for the earned income credit?
  • Can interests and taxes be added to the ACB of a property when you have no income from the property?
  • Does our government know how much they take from us in taxes and do they think its fair for the low income?
  • What is the per capita income of an INDIAN ? If majority is earning more why not they be taxed by Govt. ?
  • Are you taxed twice when you own an LLC? (once for the business, once for personal income?)?
  • If I use a daycare provider who doesn't claim her income at taxtime, can I claim the daycare cost on my taxes?
  • Short form return. if my taxable income is 48,000 how much should I be paying in taxes.?
  •    

    SiteMap--Copyright/IP Policy--Contact Webmaster
    For personal non-commercial use only.