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Lamar
New Member

Currently I am unemployed and I haven't done my taxes since 2015. I am starting my new job in January. Should I wait after I have money, to do my taxas? What should I do?

I Jumped jobs because I was looking for full time. I have a job that is full time but I am unemployed currently and on a negative budget. I didn't do 2015 tax refund and so now I do not know what the next step it is I should take. I need guidance on to what I should do next?
Thank-
1 Best answer

Accepted Solutions
Texas Roger
Level 15

Currently I am unemployed and I haven't done my taxes since 2015. I am starting my new job in January. Should I wait after I have money, to do my taxas? What should I do?

Based on the question and comments, you are not required to file a tax return for either 2015 or 2016 and would not receive any benefit from doing so since you were under the age of 24 at the end of 2016 and would not qualify for the refundable portion of the AOC without earned income. 

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7 Replies
Texas Roger
Level 15

Currently I am unemployed and I haven't done my taxes since 2015. I am starting my new job in January. Should I wait after I have money, to do my taxas? What should I do?

Did you have any income from any sources including unemployment compensation in either 2015 or 2016? If so, what type and how much income in what year?
Lamar
New Member

Currently I am unemployed and I haven't done my taxes since 2015. I am starting my new job in January. Should I wait after I have money, to do my taxas? What should I do?

The only source of income I had was from my student loans, I used that for living and my friend helped me but that was on The side for other reasons.
Texas Roger
Level 15

Currently I am unemployed and I haven't done my taxes since 2015. I am starting my new job in January. Should I wait after I have money, to do my taxas? What should I do?

If you had no income other than from student loans in either 2015 or 2016, you are not required to file a tax return for either year. If you were age 24 or older and a student either year, you might be eligible for the refundable portion of the American Opportunity Credit which you must file a tax return to get. Were you a student either year?
Lamar
New Member

Currently I am unemployed and I haven't done my taxes since 2015. I am starting my new job in January. Should I wait after I have money, to do my taxas? What should I do?

I was a student for both years but I am not over 24.
Texas Roger
Level 15

Currently I am unemployed and I haven't done my taxes since 2015. I am starting my new job in January. Should I wait after I have money, to do my taxas? What should I do?

If you are not 24 or over, you would not qualify for the refundable portion of the credit without having earned income. Were you claimed as a dependent by a parent in either 2015 or 2016?
Lamar
New Member

Currently I am unemployed and I haven't done my taxes since 2015. I am starting my new job in January. Should I wait after I have money, to do my taxas? What should I do?

I was not claimed as a dependent from my parents in 2016 but I was claimed in 2015.
Texas Roger
Level 15

Currently I am unemployed and I haven't done my taxes since 2015. I am starting my new job in January. Should I wait after I have money, to do my taxas? What should I do?

Based on the question and comments, you are not required to file a tax return for either 2015 or 2016 and would not receive any benefit from doing so since you were under the age of 24 at the end of 2016 and would not qualify for the refundable portion of the AOC without earned income. 

View solution in original post

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