I'm 18 will be 19 in March...will I get a refund?
Answers: Go to the H&R Block tax calculator, enter your data and get a good estimate of your taxes and refund:
http://www.hrblock.com/taxes/tax_calcula...
It dependson how much you made, and how much you paid. Its called a 'refund' becuase they are refunding overpayment of taxes throughout the year.
You can take your w2 and go on turbotax.com and input all your informationand it will tell you.
Do your taxes and the figures will let you know if your getting a refund. Ask your parents if they are going to put you on their taxes. It may affect how much you will get back. But you should get something.
http://www.irs.gov
If you are not listed as a dependent on someone else's tax return and you made less than $75,000, last year, then yes, you will get an additional refund.
If however, someone such as your parent(s,) provides more than 50% of your expenses and lists you as a dependent, and made less than $75,000 as an individual or $150,000 as part of a married couple filing jointly, that person will get the $300 child addition to their refund.
"Check the “individuals” section of the IRS Web site at IRS.gov or consult the instructions for form 1040, 1040A or 1040EZ for specific details that may affect your need to file a tax return with IRS this year." www.irs.gov
You also need to find out if your parents are still claiming you as a dependent on their return.
"Even if you do not have to file, you should file to get money back if Federal Income Tax was withheld from your pay, or you qualify for a refundable credit that may give you a refund even if you do not owe any tax." www.irs.gov
Filing IRS Returns first time beside Dependents?
Hi, I am filing the returns for the first time and own following information for my case :1.I am on H1b Visa , I enjoy SSN, my wife is on H4 visa, does not have SSN,I am Filing Jointly beside Wife
2.Since Wife does not haveSSN hence I am applying ITIN for her.(W-7)
3.We have a strange born kid in US (born within oct 2007), he has SSN and I am claiming him dependant.
4.I shifted to TX state within Sep from IA
My question is, as my inlaws are here next to me since Sep19' 07. I have be funding all their expenses for their stay surrounded by US, , they are going back on Feb 25 (before 6 months of Visitor visa expiry)
Question 1.
Is it valid for me to claim them (my-lnlaws) as a depenendant on my this year returns.
Question 2
Till Dec 2007 my payroll be still deducting IA taxes, although I shifted contained by TX. Will it be possible to get the due back from IA, for the time i shifted in TX. I own rented an apartment here in my identify and do have evidence of residence
Request Expert's suggestions
Answers: #1. Your in-laws are qualify relatives and do not need to live near you to qualify as your dependents. They do, however, have to be (1) U.S. citizens or residents, or residents of Canada or Mexico for some part of a set of the year, (2) dependent on you for more than half their total support for the year (2007), (3) must respectively make smaller number than $3,400 gross income for 2007, and (4) must have a SSN or ITIN in the past they can be listed on your rates return as dependents.
#2. You need to folder as a part year resident of IA, and may catch part or adjectives of your state withholding back, depending on how much you made within IA, paid surrounded by taxes, and how long you lived in IA contained by 2007.
Good luck!
Question 1: The only road you can claim your in law as dependents is they must be a citizen or resident alien of the United States, Canada, or Mexico. Find more about dependents at this cooperation.
http://taxes.more or less.com/od/dependents/a/D...
you might end up owing texas charge since it was not anyone taken out of your paycheck.. and my guess is you would get a return from ia since they have be taking taxes out and you do not reside in iowa
for your interview about their status... budge here
http://www.irs.gov/taxtopics/tc851.html so it looks like they will be nonresident aliens
excuuuuuuuuuse me
What are some reason your fed tax refund would be held?
Answers: You can get chose at random if you efile.. to have your return reviewed for accuracy.. causing an additional 1-2 weeks delay. If the delay goes beyond this timeframe, the IRS will send you a notification for the delay. Best Wishes.
IRS would hold your refund if you are not in full compliance. So if you haven't filed your tax returns every year then the refund is held until you are in full compliance.
IF this is the case then IRS will send you a letter telling you what years you must file before they release your refund.
Your tax refund can also be offset for student loans or any government loans, child support.