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Tax
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You are currently reading a thread in /biz/ - Business & Finance

Thread replies: 14
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Hello guys I just got my first job this year. I have only made $1600 in 4 months. So im wondering what kind of tax return i should be expecting to get. When tax day comes along?
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>>1033895
>$1600 in 4 months
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>>well more like 3 but i only work about 15 hours a week at 9.50/hr :(
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>>1033900
We all got to start somewhere breh.
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>>1033903
tax return wise? what do i have to pay. Isnt there a thing were if u make under a certain amount you pay nothing?
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>>1033905
You most likely won't need to pay anything since you are under the standard deduction.
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>>1033916
ahhhhhhhhhhhhhhhhhhhhhhhhh yeaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
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>>1033918
You still need to file though bruh.
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>>1033905
What kind of income is it? w2? 1099?
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>>1033895
The exciting part is you get to figure out yourself!

When your employer give you a "W2" form, you use that in conjunction with a 1040A or 1040EZ tax form to figure out how much tax you owe/are owed.

1040EZ is much easier, but I'd suggest filling out both, it's a good exercise and you can potentially get different returns.

The amount you get back will depend on your withholdings, how many did you tell your employer?

You probably won't get back very much at all, because you paid in not very much at all.
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>>1033932
w4 i belive
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>>1033900
Look out guys, we have someone who earns a salary!
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Like 60 bucks. Self file instead of using a service. Research your area. Many states and cities have income taxes. Welcome to adulthood.
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>>1034601
Also you want to file because it affects your social security. I've heard that it doesn't matter if you file if you're under 18. Not sure how true that is. Regardless, the longer you've filed the more social security you'll get. Retirement, disability, etc.
Thread replies: 14
Thread images: 2
Thread DB ID: 403927



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