Do I need to file taxes?

revanyo

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So I am a full time college student who lives with my parents still. I also have a part time job where I made about $10,467 in one job and $722 in another, and I will be 21 in May. The thing is my parents are claiming me as a dependent.

So do I need to file?
 
Disclaimer: This isn't tax advice. Edit: This is for a US citizen filing with the IRS. If that's not you, this doesn't apply.

Yep. You've got to file likely since you'll have W-2 / 1099 income with an employer (or affiliate network, Google, etc) and they'll send that form to the IRS. Generally speaking, all being claimed as a dependent means is you're not eligible for a personal exemption / some student loan exemptions.

Go see HR Block or a CPA to get tax advice :)
 
The answer to these questions is almost always yes, unfortunately.
 
I believe you don't since most part time Jobs take taxes, W-2. If you are talking about IM money then you do. If it is an off the books job you have to pay. There are a lot of factors to a correct answer.
 
I believe you don't since most part time Jobs take taxes, W-2. If you are talking about IM money then you do. If it is an off the books job you have to pay. There are a lot of factors to a correct answer.

Filing your taxes is not the same as paying taxes, FYI. You usually don't have to pay additional taxes if your company files a W-2; taxes are taken out of your earnings. However, you still have to complete your tax return to see how much more you owe or how much the IRS owes you.

Frankly speaking, under $600 in cash, you don't have to file with the IRS...
 
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