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tah6620
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I was a full time student last year. shouldn't I be getting back everything I paid in like I did last year?

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

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.**

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1 Reply

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

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.**

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