Student Taxes in US

[Money]

the only way your employer can take too much or not enough is if u fuck up ur form u fill out when u get hired at a job, 1020? or something... so really its your own fault if you only made 15k and END UP OWING......no way you should owe anything at all.

[Liquid Blue]

this, it's more complicated to fill out deductions, and they won't matter unless you've made an assload anyway. But if you've made 15k, you will be paying some taxes.

Uh, no- you won't.

[DankNuggets]

Uh, no- you won't.

Really? because I made less than 10,000 last year and had to pay taxes?

So, yes you will.

The lowest bracket is around 7500 unless it's been changed this year.

Whether or not they witheld enough I won't argue, but my employer didn't one year, and I owed like 200 dollars to make up the difference. Talk shit all you want, but it did happen to me.

[soup]

Wow what kind of a job do you have KIAN??

[HateTheFake]

yea 7500 was the most in arizona you can make before paying taxes, however if your parents claim you, (they can if your a student and up to a certain age) they take your income and add it to theirs

[Liquid Blue]

Really? because I made less than 10,000 last year and had to pay taxes?

So, yes you will.

The lowest bracket is around 7500 unless it's been changed this year.

Whether or not they witheld enough I won't argue, but my employer didn't one year, and I owed like 200 dollars to make up the difference. Talk shit all you want, but it did happen to me.

It really sucks to be you

I made a little over 15k and got $1500 back in taxes, didn't pay a dime

[Money]

Really? because I made less than 10,000 last year and had to pay taxes?

So, yes you will.

The lowest bracket is around 7500 unless it's been changed this year.

Whether or not they witheld enough I won't argue, but my employer didn't one year, and I owed like 200 dollars to make up the difference. Talk shit all you want, but it did happen to me.

you really need to:

1) learn to fill out your forms when u are hired
2) learn to do your taxes, period.

end of story, it is your own fault. so what happened to you was you happened to you

[Kim]

Reporting books, school tuition, bus passes or U-Pass, mutual funds, and donations all help to get you more of a tax return.

[DankNuggets]

you really need to:

1) learn to fill out your forms when u are hired
2) learn to do your taxes, period.

end of story, it is your own fault.

what don't you seem to understand? They didn't withhold enough money. It's a temporary, part-time job. They don't have a good estimate of what I would make and didn't take out enough per paycheck. Not to mentioned that I worked three jobs that year, one for a city government, one for state government, and one for a private individual. So that's three different ppl reporting my income to the IRS, each withholding different amounts (and with the case of the individual, probably nothing).

I made enough to qualify to pay taxes, which is only 7,500 a year. In years where I didn't make that much, I received a full refund. I didn't meet the minimum amount to file for deductions.

I actually got a federal refund, it was the state income tax I had to pay. If you think I'm the only person who had to pay taxes instead of getting a refund, you are mistaken.

No shit your parents can claim you as a dependent if you live at home and are in school until your 25. The thing is, I don't live at home and they didn't claim me as a dependent so I had to pay. I don't know what this bullshit about students not having to play taxes on their income. If you're not paying, then your parents are most likely paying for you or your employeer took enough out (actually too much, which is why you're getting money back).

You say you made 15,000 and paid 1500 in taxes-- well that's the lowest federal bracket @ 10%... what's the problem? You say you didn't pay a cent, well that's because they withheld enough money... you were paying all along. This wasn't my situation.

But as for money

1)There are many ways your employeer can incorrectly file taxes, and some even let you choose how much to withhold. It's in no way MY fault if THEY didn't withhold enough. All you fill out on the 1020 is "0 exceptions" and then sign your name and date it. The employeer fills out your identification and other shit.

2)It's not like they fucking made money off of me, or like I paid more than I should have. They didn't take enough out of my paycheck, so I had to pay it at the end. Me filing my taxes means shitall if they didn't take the right amount out. Also, I got them filed for free, so I'm not complaining. I had more money during the year, and didn't have to rely on the federal government to say "whoops, we took too much of YOUR money from you, here it is."

either way i have no clue why anyone is arguing with me over my own personal finances, which none of you has any insight on.

in other words...

so what happened to you was what happened to you

you shoulda just stuck with that.

If he paid taxes all year, no worries. But don't expect the government to fuck up and always take more away from you than they should have.

[laureth]

poor americans, uk students have the ability to calim all their tax back if they are in full time education ALL

[Pummel]

jav me jav me jav me jav me jav me jav me JAV ME :angry:

[Foreign]

This is a topic I have in the recent 2 years come to know more about than the average person would. When you get hired, you fill out a couple forms. One is the I-9, which basically states that you are eligible to work in the U.S. The other is a W-4, which allows you to state how much you want withheld from your pay to cover taxes.

It's a little tricky because if you're a dependent of someone else (most students are dependents of their parents) then for them to claim you as an exemption on their taxes you have to claim 0 allowances. I'm going to assume that's what you did.

Here is a page with the 2008 federal income tax brackets. Based on your income, your federal income tax responsibility is $2,250. When you receive your W-2 it will say how much was withheld by the employer for the year (or you can just check the YTD values on your latest pay stub). Subtract that from what you will owe and you have a good estimate for your federal return.

You can calculate your state returns the exact same way. Just look up the tax rules. By law, you will get your W-2 by the end of the month (if you haven't already), at which point you are able to file your return (although after last year I will never do my taxes early again, since I received 4 forms late and had to file amendments twice, but you probably don't have the financial activity that would cause those sorts of problems).