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?
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.
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.