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| *The Commerce Journal>>>Other Taxes |
How old do you have to be to file individual taxes? |
hi. im going to be 17 years old in january of 2008. im a college sophomore in CA, and im working 2 jobs already. i want to file my taxes seperate from my parents although I do live with them and partially depend on them but can live on my own as soon as I turn 18.. Is it possible to file my own taxes and if possible, how do i do this? If you have a job (or 2) then if you make enough money, you are REQUIRED to file a tax return of your own, separate from your parents. For 2007 you are almost surely their dependent, so if you make over $5350, you have to file. Download form 1040EZ and instructions from irs.gov and fill them out, or buy software like TurboTax. Or you can go to a VITA site and they'll prepare your return at no charge - most VITA sites e-file - for more info on that program see irs.gov and type VITA in the search box. yes, you can file your taxes separately. Under one and breathing. It takes income. Age is irrelevant. Think of the child stars who make more money than their parents. I started filing my own taxes as soon as I started working and I was 16. As long as you have some income, you can file taxes as a single. Just make sure that your parents do not claim you. Usually they like to claim you as long as they can because it will gain them more money than you........typically. Some parents will payback their kids the amount that they would of gotten if filing on your own. |
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