If i am 17 years old and i get a w-2 how would i recieve the money?

[pringle_fever]

I worked at a job for a while and they are aending me my w-2 form. This is my first form so i am not completely sure how i will recieve the money.

[beth6 · Accepted solution]

I assume when you say your 'money' you're talking about your refund.  When you get your W-2, it will show you how much you earned, how much was withheld from your earnings, etc.  You then use that information to file your taxes and presuming you paid in more than you owe in taxes, you'll get a refund.  If you have a bank account, you can have it direct deposited there.

Also, make sure you talk with your parents about it before you file your taxes.  Unless you are living on your own and paying all of your own expenses as an independent adult, (including food, rent, utilities, insurance, etc), chances are your parents are claiming you as a dependent.  If you try to claim yourself, you will mess up your parents' taxes in a huge way.

[pringle_fever]

Thank you so much beth for the lengthy response. It really helped so much. I just have one question, when you said unless i owe in taxes what do you mean by that.

[beth6]

Depending upon your income, you may not owe any taxes.  If you did not have enough withheld from your paychecks to cover the amount of taxes you owe, then you would at that point owe the additional amount.  Without knowing all the details of your situation, I can't tell you if you do or don't owe.  That's why there's TurboTax!  They'll help you figure out the details!  Good luck.