Do i need to file taxes if my total earnings were 338.38?
Answers:
The precise answer depends on your age and whether or not you are a dependent of somebody else.
If you are not a dependent and are over the age of 18, then you would need $8,450 of income in 2006 to be required to file. (Standard deduction of $5,150 plus the personal exemption of $3,300) Some states have different thresholds than the federal one, but since you didn't say where you live, I can't address that.
The reasons for filing include the Earned Income Tax Credit (EITC), but with earned income of $338, you wouldn't get much. If you had income taxes withheld, then you would get a refund.
Did you have any interest or dividend income in 2006? Did you sell any stocks or mutual funds? If you answer yes to either of those questions, the correct answer to your question will possibly change.
No.
no
You won't owe any, but you might as well file to get back anything you paid.
You may get Earned Income Credit. Can't hurt!
But no, you don't have to file.
Yep, regaurdless of how much, you still have to file.
No but you would probably get some money back. The EZ form really is easy to fill out.
No. You only need to file if your earnings were over $3,500 for the year.
...yes, but you will "Not"owe anything and will probably get a small refund...
..Everyone is required to file even if they earned "0".
...if really protects you from the IRS coming back years later and claiming you didn't file...sadly they can add late charges, etc. even if you don't owe them, if you do not file.
Everyone else says no and I could use a few points so I'll have to also say NO.
no, you are only required to file if you make more than $850.00. FYI I've been filling taxes for 6 years
did anybody else notice that the biggest problem with this question? Tax day is over my friend!! Good thing you don't need to file.
The precise answer depends on your age and whether or not you are a dependent of somebody else.
If you are not a dependent and are over the age of 18, then you would need $8,450 of income in 2006 to be required to file. (Standard deduction of $5,150 plus the personal exemption of $3,300) Some states have different thresholds than the federal one, but since you didn't say where you live, I can't address that.
The reasons for filing include the Earned Income Tax Credit (EITC), but with earned income of $338, you wouldn't get much. If you had income taxes withheld, then you would get a refund.
Did you have any interest or dividend income in 2006? Did you sell any stocks or mutual funds? If you answer yes to either of those questions, the correct answer to your question will possibly change.
Yes. You have to file to get withholding refunded. You may also be elegible for EIC and the telephone excise tax refund for 2006. Thar's gold in them there tax forms, go for it.
At $338.38 total income you have no tax liability and are not required to file. If you earn anything from another job during the year, you must include this in your total income when determining if you must file. In any case, the store probably withheld Federal income tax. You have to file to claim a refund of that amount.
Edit: garyg7: if $338.38 is TOTAL income, there are NO conditions where a return is required. Even a self-employed dependent is not required to file with less than $400.00 income.
no but if you want the money they took out of your check for taxs you should.
No you don't, if that's your total earnings for the year. But if they took anything out for federal income taxes, you can file and get it refunded to you.
Better luck with your next job.
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