Made less than $2000 in 2016. Do I need to file that income

jessica-mcassey — Sat, 01 Jun 2019 01:31:43 GMT

It depends on how the income was earned. Please click the...

WillK — Sat, 01 Jun 2019 01:31:44 GMT

It depends on how the income was earned. Please click the following link so you can determine based on a number of factors if you are required to file that income: https://ttlc.intuit.com/replies/3302274

That seems like straight forward question, but the great...

Hal_Al — Sat, 01 Jun 2019 01:31:45 GMT

That seems like straight forward question, but the great American tax system is not straight forward.
1. If the $2000 is wage income, and you receive a form W-2, you are not required to file.
2. If the $2000 is from self employment, and/or odd jobs like baby sitting for which you get no tax form or a form 1099-Misc, you have to file a tax return to pay your social security and medicare tax.
3. If you got a W-2 and there is withholding shown in box 2, you may want to file a tax return to get that money back, even though you are not required to file a tax return.
4. Even though you do not have to file, you may still be eligible for a refundable credit and my want to file to get it. You are eligible for a refundable credit if:
-You have earned income and are 25 or older and not claimed as a dependent by someone else
-You have earned income You have earned income and are 25 or older and not claimed as a dependent by someone else and have a child dependent of your own
-You are a half time or more undergrad student, over age 23, and not claimed as a dependent by someone else

topic Made less than $2000 in 2016. Do I need to file that income in Get your taxes done using TurboTax

Made less than $2000 in 2016. Do I need to file that income

It depends on how the income was earned. Please click the...

That seems like straight forward question, but the great...