I only made $500 last year should I file my taxes?

I only made $500 last year should I file my taxes?

Postby austyn » Sun Jan 30, 2011 8:23 am

Is there any benefit to filing my taxes if I only made $500? I'm 22 and I would claim myself.
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I only made $500 last year should I file my taxes?

Postby ave11 » Sun Jan 30, 2011 8:27 am

did you pay any taxes?
you might get a tax return if you file (might not be much but it still money) :)
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I only made $500 last year should I file my taxes?

Postby merv61 » Sun Jan 30, 2011 8:32 am

If there was any withholding you would need to file to get it back.
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I only made $500 last year should I file my taxes?

Postby deorsa » Sun Jan 30, 2011 8:37 am

If there was any withholding you would need to file to get it back.
There is no benefit in it for you, but there is for those receiving your money/s (people who probably have nothing in common with you except the fact that they live in the same country). I would advise that you do file your income tax if you weren't paid in cash... Otherwise the govt. could take the money out of your acc. without your permission when you probably need it the most.
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I only made $500 last year should I file my taxes?

Postby johann » Sun Jan 30, 2011 8:39 am

Who is supporting you? And under what conditions?

Did you have any unemployment income?

You need to review the rules to see what to do / how to file.
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