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Everyone who has federal or state tax withheld from their income (Form W-2, box 2 and 17) should at least fill out a return to see if they are owed a refund. If so, they should file to get their money back.
Since most children who are students are their parent's dependent (claimed as a dependent on their parent's tax return), I'm going with that assumption.
All dependents have the same filing requirements, whether a student or not. If a student makes less than the federal standard deduction, they generally don't have to file unless they want a refund of federal or state taxes withheld from their pay. The federal standard deduction for a single person changes every year and is $5,800 for 2011. There may also be a requirement to file if the dependent has a significant amount of investment income (over $950). See IRS Form 1040 instructions for filing requirements for children and other dependents for more details.
Remember that your state may have different filing requirements, so a person may be required to file a state return even though they aren't required to file a federal return.
What else can I help you with?
Do you have to file taxes if you are a student?
If you are 21 you have to file taxes
What is the alloted amount that a student 17 or younger can earn before they have to file taxes?
Federal $ 5000.00 unless they have more than $800.00 in interest, but if taxes are withheld you may want to file to get a refund. States vary.
Is a child liable for a parents failure to file taxes?
No. A child cannot be held responsible for the actions of their parents.Exception to the rule: If the children are heirs of an estate (both parents are deceased) and taxes are outstanding, then the taxes must be paid out of the estate proceeds before the child(ren) could be awarded the residuals.
When do you have to file for taxes?
before April 15
Can a student file taxes even if no money was withheld?
They can but would not benifit them. They would owe tax.
Do you have to file taxes if you are a student?
If you are 21 you have to file taxes
Can you file your baby on your taxes even though it is not due until after you file?
If your baby is not born on or before Dec. 31, 2007 then you cannot file your child on your 2007 taxes. If your baby is born on Jan. 1, 2008 then you can claim your child on your 2008 taxes that you file in April 2009
Do I need my child's birth certificate to file taxes?
No, you do not need your child's birth certificate to file taxes.
What is the alloted amount that a student 17 or younger can earn before they have to file taxes?
Federal $ 5000.00 unless they have more than $800.00 in interest, but if taxes are withheld you may want to file to get a refund. States vary.
Do I need to file taxes for my child if I claim them as a dependent?
Yes, you may need to file taxes for your child if you claim them as a dependent, depending on their income and other factors.
If your car is repossessed can they garnish your income taxes?
Not normally. They can however file a non wage garn and get your taxes when you deposit them into your checking or savings account. Usually only, government and state can withhold your taxes...i.e. back taxes, child support, student loans etc...
Does a minor child need to file taxes with the state?
No.
Is a child liable for a parents failure to file taxes?
No. A child cannot be held responsible for the actions of their parents.Exception to the rule: If the children are heirs of an estate (both parents are deceased) and taxes are outstanding, then the taxes must be paid out of the estate proceeds before the child(ren) could be awarded the residuals.
Do you file for taxes if you are a full-time student dependent on student loans?
Yes it is possible that as a full time student you would be required to file a 1040 federal income tax return
When do you have to file for taxes?
before April 15
Can you file a child on taxes if you dont have joint custody?
If you have the child 51% of the time. see my profile
Can you file taxes if you have no income but have a child?
Yes. And it will almost certainly be to your advantage
