Taxes and Tax Preparation
Income Taxes

What is the minimum yearly income needed to pay income taxes for a college student in Florida?

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Wiki User
2008-05-14 18:58:19

== == The Q specifies Florida. Florida doesn't really have an

income tax, but of course, the Fed does!

Taxable income and what you may make as income are 2 different

things. Generally, your taxable income is lower than your gross (or

the amount you probably think you make). The limits and thresholds

that you want to know depend upon many other factors...your marital

status, your age, number of children or dependents, certain other

expenses, etc...so there is no hard and fast answer.

More importantly, how much you need to make before you must pay

is different than how much you need to make before you have to

file. frequently, if you don't make enough to have to pay taxes,

you make enough to have to file, and by doing so YOU GET MONEY

BACK. Whether it be money withheld from your pay, or as things that

the government gives you....like earned income credits, child

credit, or college education options for you, etc.

Follow the link provided or go to:

http://www.irs.gov/publications/p501/ar02.html#d0e490


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