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Being a teenager does not exempt anyone from filing tax returns.
According to IRS Publication 17, page 4, if a teenager is NOT claimed as a dependent on someone else's return, then they must file a return if:
· Your filing status is single and your gross income is at least $9,500
· Your filing status is married, filing jointly and your gross income is at least $19,000
· Your filing status is married filing separately and your gross income is at least $3,700
· Your filing status is "head of household" and your gross income is at least $12,200
· Your filing status is "qualifying widow(er) with dependent child" and your gross income is at least $15,300
According IRS Publication 17, page 6, unmarried teenagers who are dependents (for example - their parents claim them as dependents on their own tax return) must file a tax return if any of the following apply:
· Your unearned income was more than $950.
· Your earned income was more than $5,800.
· Your gross income was more than the larger of:
· $950, or
· Your earned income (up to $5,500) plus $300.
It's slightly more complicated if you are a married teenager but still claimed as a dependent. In that case, a teenager must file a tax return if any of the following apply:
· Your unearned income was more than $2,100
· Your earned income was more than $6,950
· Your gross income was at least $5 and your spouse files a separate return and itemizes deductions.
· Your gross income was more than the larger of:
· $2,100
· Your earned income (up to $5,500) plus $1,450
What else can I help you with?
Do you have to file an income tax return if you are deceased?
The estate of the deceased has to file tax returns.
Where to file personal income tax return with refund?
Where to file federal tax returns: http://www.irs.gov/file/index.html Where to file state returns: http://www.taxadmin.org/fta/link/forms.html
What is a word for submitting your tax returns?
You "file" your tax returns with the taxing authority (federal government, etc.) You can also "efile" your tax returns by submitting them electronically.
Can you receive your tax refund if you didn't file the previous year?
It is not possible to get refund unless we file the income tax returns. When we file returns it will check with OLTAS and generate refund if paid excess
Do estates file yearly tax returns?
Yes, they are required to file tax returns. Estates have assets and those assets may be earning income. That income is taxed.
Do you have to file an income tax return if you are deceased?
The estate of the deceased has to file tax returns.
Can I prepare state and federal tax returns online?
You can prepare federal tax returns online. However, some states require that you file state tax returns through the mail. You will have to file them separately.
Can you file two tax returns separately?
Yes, individuals can file two tax returns separately if they are married and choose to file separately rather than jointly.
Where to file personal income tax return with refund?
Where to file federal tax returns: http://www.irs.gov/file/index.html Where to file state returns: http://www.taxadmin.org/fta/link/forms.html
Do students have to file tax returns?
In general, students must file tax returns if they have earned income that meets the filing requirements set by the IRS.
What is a word for submitting your tax returns?
You "file" your tax returns with the taxing authority (federal government, etc.) You can also "efile" your tax returns by submitting them electronically.
What are some trusted websites where you can file your online tax returns?
You can file your online tax returns with the TurboTax website at TurboTax.com. You can also file with many other services that can be found at IRS.gov.
Can you receive your tax refund if you didn't file the previous year?
It is not possible to get refund unless we file the income tax returns. When we file returns it will check with OLTAS and generate refund if paid excess
Do estates file yearly tax returns?
Yes, they are required to file tax returns. Estates have assets and those assets may be earning income. That income is taxed.
Do corporate earnings have tax returns?
Corporate earnings don't have tax returns. But corporation that earn (and even those that lose money) do have to file tax returns to report their earnings (or losses).
Is it too late to file 2008 tax returns?
No it is never too late file any of your past years income tax returns that have NOT been filed completely and correctly.
In order to get the best refund, people should file their tax returns as early as possible.?
In order to get the best refund, people should file their tax returns as early as possible.
