Do I have to pay federal taxes?
I am 17 years old and at my job i was exempt of paying federal taxes and when I got my W-2's it said I would be getting nothing back since my federal income tax was with held. I tried to file them anyway to see if I was eligible for the stimulus check or whatever it is called and it stated that I owe 90 some dollars to federal or whatever. I only made $6396.10 at the job and I heard if you made under $8750 you do not have to pay federal. If someone could give me some more information and show me where they got it from I would be very appreciated. I live in Maryland by the way if you need to know.
Public Comments
- If you claim yourself as an "exemption" you shouldn't have had to pay tax, but apparently your parents can...which means you can't...so yes, you have to pay taxes. Sorry.
- You can make up to $8950 actually without paying any taxes unless you are a dependent of somebody else, then it is $5450. So you are paying taxes on income over $5450. Since you claimed exempt (you are not), they took out no tax, so now you owe 10% tax on what you made over $5450, which comes out to the $90. File a new W-4 claiming single and one or zero, because you are not exempt.
- wow i have no idea but you could Try asking an IRS agent. i also make under $8750 and would like to know because there are still taxing me
- You were not exempt, unless your so stated on your W-4. You likely wouldn't qualify for the stimulus sine you can be claimed as a dependent. Look at the tax tables as well as for 1040-EZ
- look at the w2 ,did you have withholding? if you were exempt probably not. you can still file a form. you are also claimed on your parents return did you do that box. also if you are claimed on your parents return you can't check the yourself box in dependents.
- Yes you will owe taxes on your earnings in excess of $5450 since your parents are more than likely still claiming you as a dependent. Display with IRS web page below and go to page 6 of the PDF file. That page explains under what circumstances you are required to file. See Chart B at the bottom of the page for info apllicable to you.
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