 I am both the executor and beneficiary of a will but I don't want the inheritance, don't know what to do next! |
| What steps do i take to refuse this inheritance, the will was my father's but the property belonged to him and his surviving spouse but left his half to me, but I don't want it and don'... |
|
 Should there be a tax on any vehicle getting less than 20 mpg? |
If we can't ban them completely.
I don't know how I feel on the subject, but it is worth discussing. I happen to be fairly conservative on most things, but something has to be ... |
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 A VERY important question about the 2008 refund stimulus payment? |
| Okay when I filed my 2007 tax return I used direct deposit to receive my payment but a month later I closed that bank account that i used to receive the money. Now I am waiting for the 2008 refund ... |
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 In your opinion, which is better H&R Block or Jackson Hewitt? |
| Which is the best place for tax preparation, and why? Thank you in advance.... |
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 Capital gains tax on home? |
| i lived in my home for 4 years with my children (the house was owned by a trust as i was the beneficiary),after 4 years the trust and i agreed to terminate the trust and sell the house.we sold house ... |
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 2008 Taxes - IRS website update? |
| Did anyone else file their taxes around Jan 26-27? Mine was accepted last monday, but the IRS website is still showing "will receive deposit by Feb 10". I thought they'd update the ... |
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 Do you get taxed more working 2 jobs? ? |
| I have been offered a 2nd job which is 25 hrs per wk (£6 per hour) with better prospects. So decided to hand my notice in to the current employer (where I do 35 hours per week at the moment). They ... |
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 Why do we pay taxes if there is no clear law that states that US citizens need to pay taxes? |
| The money made from tax revenue goes to the IRS, which then goes to paying the debt that the US incurs from drawing money from the Federal Bank. It does NOT go into paying for health, paving roads, ... |
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 Regarding PF Withdrawal? |
Hi,
I was working with a co in Chennai for 1 yr in 2002. After that I left the country and went abroad. I have now returned in 2008 and want to withdraw the amt. My question is is there ... |
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 Ok. you dont file ur taxes because you owe child support and the other person will get ur refund whats happens? |
| my kids dad owes me 13,000 in back support he wont file his taxes because he knows i will get it..he will go to jail if he doesnt file... right?... |
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 How will the IRS verify the eligibility for the First-Time Homebuyer Credit? |
| I know the requirements, but I'm curious as to how the IRS verifies that one meets the requirements. Thanks.... |
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 Has anyone called the IRS about the refund date changing? |
| Has anyone actually called the IRS about the refund date changing from "by feb. 3" to was deposited on January 23? and if so, what did they say...too hard to get through to them right now. ... |
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 How could I prevent someone from illegally obtaining tax refund? |
Additional Details
It is a spousal issue and she is just out to get over on me to be completely honest...our joint account is no longer joint and I have been denied access...looks like I... |
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cannon | How much must you earn to file taxes? |
I'm 17 right now and have a job.. however I heard if you make less than a certain amount, you don't have to file taxes for that year? Is this true and if so, what is that amount? |
 |
 
BeenDareDoneThat
|
2.1 Filing Requirements/Status/Dependents/Exemption... Filing Requirements
How much does a student have to make before he or she has to file an income tax return?
If you are an unmarried dependent, you must file a tax return if your earned and/or unearned income exceeds certain limits. To find these limits refer to Filing Requirements for Dependents in Publication 501, Exemption, Standard Deduction and Filing Information. If part of your earned income is from tips, see Tax Topic 402, Tips .
Even if you do not have to file, you should file a federal income tax return to get money back if any of the following apply:
You had income tax withheld from your pay.
You qualify for the earned income credit.
You qualify for the additional child tax credit.
Refer to Publication 501, Exemptions, Standard Deduction and Filing Information, for an explanation of the five exemption tests and filing requirement rules.
For additional information see Tax Information for Students
When you are finished with FAQs, please tell us if we have helped you by clicking here and taking a short survey.
References:
Publication 501 |
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aidenislove
 |
It is true that you may owe zero dollars, but it is in your best interest to file the taxes anyway on a 1040EZ form. It only consists of a few fill-in-the-blanks, so there is no need to have H & R block do it. If you have had any amount of federal income or state taxes withheld on your check, then most definately file taxes. |
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IAskUAnswer
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This is true, but I'm not sure about the amount. You can probably find it in the tax instruction booklet, which is probably on irs.gov. I think the category is under "Who has to file?" or something like that. |
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Precious
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It's not about how much you earn. It's about how much taxes the gov. take out of your check every time you get paid |
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STEVEN F
 |
If your standard deduction + personal exemption are more than you income, you are not required to file a tax return. However, if you had income taxes withheld, you WANT to file for a refund. If you are not required to file, your actual tax liability is zero. In that case whatever was withheld is refundable, but only if you file. |
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melbel
 |
if you make a dollar the gov can legally take up to 18 cents. |
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Will D
 |
The amount that you make may not have any impact on whether you need to file a return or not. If your employer withholds federal and/or state income tax, you need to file a return. The reason is that you may have overpaid, or in some cases, underpaid. Your age has no bearing on what you owe, except to the extent that you cannot claim yourself as an exemption if your parents claim you as an exemption on their return. Only once have I seen an instance where the total amount of refund for the family occurred when the child claimed himself as an exemption. Under most circumstances, the parents get the bigger bang for taking the exemption for the child. Play your cards right and maybe your parents will give you the difference between what you could get by claiming yourself and not claiming yourself as an exemption.
Good luck!
Will D
Enterprise AL
http://www.notagz.com |
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Doug W
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500 or less. Small employers won't bother pulling taxes out of the first $500.00 you make for this reason. |
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