my teenager earned $740 last year. $9 was withheld in federal taxes. Must he file a return?
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my teenager earned $740 last year. $9 was withheld in federal taxes. Must he file a return?
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December 17th, 2009 at 2:29 pm
if you earned under a certin amount in a year and they owe you not you owing them, you don’t have to file or/and you can file up to 3years at a time. check your local tax place like H&R block.
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December 17th, 2009 at 3:41 pm
Last I knew if you earned $600 or more you did but that may have changed. Call the IRS to find out.
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December 17th, 2009 at 6:26 pm
This is the IRS website designed to help you know if you need to file a return. He may well not have to, but this site should help decide if you want to.
http://www.irs.gov/individuals/article/0,,id=96623,00.html
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December 17th, 2009 at 7:37 pm
No, your teenager *probably* doesn’t need to file a return. However, you could go to the IRS website (see link below) and file for free through the Free File Alliance. This would *probably* allow him to get back his $9, and it’s good practice (better to start learning about taxes before he needs to, rather than waiting until it’s too late).
http://www.irs.gov/efile/article/0,,id=118986,00.html
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December 17th, 2009 at 8:48 pm
Since he only made $740, he isnt required to file a return. Because it’s below his standard deduction for his filing status (filing single). He can file a 1040EZ to get the $9 back.
IRS Publication 17
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December 17th, 2009 at 9:56 pm
I think so. Anything over 600.00 has to be reported
IRS Publication 17
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December 17th, 2009 at 10:56 pm
I had to file a tax return when I made over $600.00 when I was 15. Far as I know it is still the same.
IRS Publication 17
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