Taxes Questions and Answers

2007 Taxes?

Hi. My last given name on one of my W-2s is different from the one on SS card. Will this create a problem when my husband and I file taxes?


Answers: No. You should own your ss card corrected to make sure your picture is credited properly.
There is not problem because the main piece the IRS saw is that the amount that the employer report to them must match beside their records reported beneath your Social Security Number, so , You don't gone a have problem when you database your income tax.

Its tax season! If a person is over 70 years of age & only makes $15K a year, do they file income tax?




Answers: NO, unless you are having taxes taken out of your Social Security or pension.
Age has nothing to do with the need to file. It kind of depends on what comprises the $15,000 in income. For instance, if it's self-employment or rental income, you'll need to file. Also, if there was withholding on that income, you'd probably want to file to get your withholding back, even if you don't owe federal taxes.

Also, what about your state? Chances are you may owe state income tax even if you don't owe the feds.
You do not include information necessary to answer correctly.
Needed details include the source of the income (earnings, social security, pension, etc.) and his filing status.

If the 15K is taxable income or pensions, he would need to file if he is single. The minimum over which a single person over 64 would have to file is $10,050.

Taxes and College Credit?

I am 20 years old, while working and attending college.. My income be somewhere in the 16-17k ballpark ending year and I attended college the entire time... I think I compensated in close to 4500 dollars contained by taxes, all rewarded for by me... No grants/scholarships/loans..

If I claim my college tuition on my taxes how much will it effect my return?


Answers: It depends it if you received any grant money to sustain pay the tuition. Have you taken the hope credit surrounded by the past? What in the region of the lifetime credit. Did you receive a 1098T

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