Home     Forum     401k     401k Rollovers
    Register   Login   Members   Search   FAQs     Recent Posts    




Do I have to pay tax on summer job wages?

Reply to topic
Money Talk > Taxes

Author Thread
likjohn
New Poster


Cash: $ 0.40

Posts: 2
Joined: 14 Feb 2012
Location: usa
hi  Reply with quote  

Taxes!!!!!?
if i made over $2,000 this summer and my parents still get to claim me appoximatly how much do u think i would get back in taxes....i've never filed them before so i don't know if i'll even make enough to make it worth while...Sad
Post Tue Feb 14, 2012 9:33 am
 View user's profile Send private message
braje
Member


Cash: $ 4.60

Posts: 22
Joined: 09 Jul 2011
Location: Anchorage AK
 Reply with quote  

likjohn you should probably start a new thread. But in answer to your question, No one can tell how much your refund might be as we don't know how much you you had withheld. I would guess you would get back most if not all of the amount withheld.
Post Tue Feb 14, 2012 8:51 pm
 View user's profile Send private message
coaster
Senior Advisor


Cash: $ 1626.30

Posts: 7990
Joined: 11 Oct 2005
Location: Wisconsin
Re: hi  Reply with quote  

quote:
Originally posted by likjohn
.i've never filed them before so i don't know if i'll even make enough to make it worth while...Sad

Sorry, likjohn, I had a bit of a laugh at your expense. The whole purpose of filing a tax return is NOT to GET money, but to PAY money that you OWE to the government. If you don't owe any money, you don't need to file a tax return. However, if money was withheld from your summer wages by your employer, then that's money that you've already paid to the government before it was known whether or not you'd actually owe them any. So, if you don't owe them any money, but you paid them money, then you have to file a tax return to get your own money back.

Yes, I know that doesn't answer your question; I just wanted to reorient your question. It's not a question of "is it worthwhile" .... it's a question of "am I required to do it" Savvy? Smile

~Tim~
Post Wed Feb 15, 2012 6:52 am
 View user's profile Send private message

Reply to topic
Forum Jump:
Jump to:  
  Display posts from previous:      





Money Talk © 2003-2016