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Level 1
June 3, 2019
Solved

I was a full time student last year. shouldn't I be getting back everything I paid in like I did last year?

  • June 3, 2019
  • 1 reply
  • 13 views
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Best answer by xmasbaby0

Students are not exempt from paying income tax.  If you were a dependent on your parents' return, as many students are, then you do not get the the personal exemption of $4050 for yourself (your parents get it).  So any income you had over $6300 is taxable.

1 reply

xmasbaby0Level 15Answer
Level 15
June 3, 2019

Students are not exempt from paying income tax.  If you were a dependent on your parents' return, as many students are, then you do not get the the personal exemption of $4050 for yourself (your parents get it).  So any income you had over $6300 is taxable.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**