shahjacob
Returning Member

Get your taxes done using TurboTax

I actually don't follow whatsoever. So let me provide some more context/ask some more questions.

 

  • My summer internship had a pro-rated salary of $63,700. I made $14,000 pre-tax (2800 each check every two weeks for 10 months) and about 9800 after taxes (so basically 30% of it went to taxes). What do you mean the first $12,000 are tax free? They were literally taxed and I didn't walk away with 14,000, so how could the first $12K be tax free?
  • When I file for taxes, what form do I have to fill out? What boxes do I have to check off? Do i file as independent or not or do I file as a dependent? 
    • Couldn't filing as a dependent reduce my tax refund?
  • When my company sends me the money i made documents, what is that called? the w4?
    • how do I use that information to file the taxes?
  • What do I actually do to get the refund into my bank? I don't like my parents digging through my mail and would prefer my bank account
  • how much does it cost to file taxes and what time should I do it?