2011/03/02

What is the minimum income one earns for one to fill out an income tax form? | Income Tax Form

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Query by G G: What is the minimal earnings one earns for a single to fill out an earnings tax type?
I labored more than the summertime and my wage was 2500. Nevertheless, they currently took taxes out and I only acquired 2100. I previously stuffed out a W4 sort just before I started work. Would I still have to file an revenue tax kind with a wage like this? Also, will I be finding some of that 400 bucks back throughout tax return time?
I’m 22 yrs outdated.
So would I be presented my complete 400 back?

Cash flow Tax Type

Finest solution:

Answer by titchyc
based on yr age you are authorized to make over 5k before its taxale

Give your reply to this query under!

Tags: 400 bucks, income tax form, return time, Tax Refunds.

Filed under Income Tax Form by taxrefunds on Mar 2nd, 2011. Comment. #

Comments on What is the minimum income one earns for one to fill out an income tax form? | Income Tax Form Leave a Comment

2011/03/02
Reply

MukatA @ 11:36 pm #

Your total salary income is less than your filing requirement. But you must file to get refund of some of your taxes.

From your wages social security and medicare taxes are withheld at 7.65%, which amounts to $ 191. You will not get this back.
You will get all your federal tax back. If there is State tax, you will get most of it back.

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StephenWeinstein @ 11:56 pm #

File a return. If you file and were not required to file, you will get all of the withheld income tax back. If you do not file and were not required to file, you will get nothing back. If you file and were required to file, you may get back some or all, or you may owe money. If you do not file were required to file, you will still owe that money, and you will owe interest and/or penalties.

2011/03/03
Reply

ninasgramma @ 12:31 am #

You do not have to file a tax return and you will owe no income tax.

If you want your federal and state withholding returned to you, you must file a tax return. Your federal return can be done with the 2007 Form 1040EZ available at irs.gov in January 2008. Many states allow you to file online.

You should get about $ 200 back from federal and state withholding. This is because Social Security, Medicare, and unemployment taxes are not refunded.

Reply

Pernelle Flamel @ 12:59 am #

If your only income is the $ 2500, then you are not required to file a federal tax return. However, you should file a 1040EZ so that you can get a refund of the income tax that was withheld. As previously stated, you will not get back any portion of the Social Security or Medicare tax that was withheld.
Be sure to check and see if there were withholdings for you state as well. If so, you’ll need to file a return to get a refund of those monies as well. How much you’ll get back will vary from state to state. Don’t be intimidated by the fact that you have to file. The 1040EZ really is a simple form. Just be careful – if your parents can claim you, you have to file a ‘dependent’s return’. The instructions for doing this come with the 1040EZ instructions. In your case, it won’t affect how much you get back.

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Gary @ 1:58 am #

Even if you are not require to file a tax return, you have to file one to get your withholdings back. Do not forget state taxes either.

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