• Taxes

    From Accession@21:1/200 to All on Sat Jan 20 06:57:34 2024
    Hello All,

    Didn't really know where to post this, but here has to be close enough. ;)

    Anyone have children (probably USA based in order to answer my question) that are minors and worked an actual job this past year?

    So my son is 15, and worked a summer job last year. I know for a fact he didn't make enough to qualify to pay taxes, but my question is.. If we do a tax return for him, would he then get everything he was taxed back since he didn't qualify to pay taxes?

    I can't really find anything specific on this, but fif he didn't qualify to have to pay taxes, he basically could have claimed "exempt" and had no taxes taken out at all, but he didn't.. and DID have taxes taken out. Can he get that money back?

    I know, I know. This is the government we're talking about here, when can you get anything back? But.. inquiring minds want to know.

    Regards,
    Nick

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  • From Kurisu@21:3/122 to Accession on Sat Jan 20 08:14:43 2024
    Re: Taxes
    By: Accession to All on Sat Jan 20 2024 06:57 am

    didn't make enough to qualify to pay taxes, but my question is.. If we do a tax return for him, would he then get everything he was taxed back since he didn't qualify to pay taxes?

    I am almost certain that would be the outcome, barring some oddity I've never experienced when assisting people with similar basic, below taxable threshold income.
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  • From Blue White@21:4/134 to Accession on Sat Jan 20 09:51:06 2024
    So my son is 15, and worked a summer job last year. I know for a fact
    he didn't make enough to qualify to pay taxes, but my question is.. If
    we do a tax return for him, would he then get everything he was taxed
    back since he didn't qualify to pay taxes?

    I do not have kids but worked for a state taxing entity for 25+ years.
    The answer is yes, he should get it all back so long as he received a W2
    from that job that shows that he paid in.

    If they withheld taxes, they are required to supply a W2 to their
    employees at the end of the year.


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  • From Jimmy Anderson@21:3/122 to Accession on Sat Jan 20 09:19:00 2024
    Accession wrote to All <=-

    Hello All,

    Didn't really know where to post this, but here has to be close enough.
    ;)

    I see you have your answer, and I agree. :-)

    Also, though, you might look at the difference between him getting
    it all back and you claiming him as a dependant. And I'm not sure
    of the law, but you might can do BOTH?

    As my dad used to say, don't leave money on the table. :-)




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  • From Accession@21:1/200 to Kurisu on Sat Jan 20 17:16:22 2024
    Hello Kurisu,

    On Sat, 20 Jan 2024 14:14:42 -0600, you wrote:

    I am almost certain that would be the outcome, barring some oddity I've never experienced when assisting people with similar basic, below
    taxable threshold income.

    That definitely helps, thanks!

    Regards,
    Nick

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  • From Accession@21:1/200 to Blue White on Sat Jan 20 17:17:20 2024
    Hello Blue,

    On Sat, 20 Jan 2024 15:51:06 -0500, you wrote:

    I do not have kids but worked for a state taxing entity for 25+ years.
    The answer is yes, he should get it all back so long as he received a W2 from that job that shows that he paid in.

    If they withheld taxes, they are required to supply a W2 to their employees at the end of the year.

    Right on. Luckily he was working for his grandpa at an auto body shop, so there's no question he will send out a W2. Thanks!

    Regards,
    Nick

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  • From Accession@21:1/200 to Jimmy Anderson on Sat Jan 20 17:18:38 2024
    Hello Jimmy,

    On Sat, 20 Jan 2024 15:19:00 -0600, you wrote:

    Also, though, you might look at the difference between him getting
    it all back and you claiming him as a dependant. And I'm not sure
    of the law, but you might can do BOTH?

    As my dad used to say, don't leave money on the table. :-)

    That's a great idea. I'll take a look at that route, too. I definitely don't want to leave money out there. Thanks for the heads up!

    Regards,
    Nick

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  • From Nightfox@21:1/137 to Accession on Sat Jan 20 15:29:25 2024
    Re: Taxes
    By: Accession to All on Sat Jan 20 2024 06:57 am

    So my son is 15, and worked a summer job last year. I know for a fact he didn't make enough to qualify to pay taxes, but my question is.. If we do a tax return for him, would he then get everything he was taxed back since he didn't qualify to pay taxes?

    I'm not an expert, but my first thought is, if he didn't make enough to qualify paying taxes, he shouldn't have had any money withheld for taxes in the first place.. Why was he having money withheld for taxes?

    I'd think that if he didn't make enough to pay taxes, he should get a refund for whatever was withdrawn.. But then, I'm not a tax expert.

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  • From Accession@21:1/200 to Nightfox on Sat Jan 20 17:38:54 2024
    On 1/20/2024 11:29 PM, Nightfox -> Accession wrote:

    I'm not an expert, but my first thought is, if he didn't make enough to qualify paying taxes, he shouldn't have had any money withheld for taxes
    in the first place..  Why was he having money withheld for taxes?

    Because we had him fill out his W4 as a normal single person with 0 deductions. We had no idea how much he was going to make, and also didn't know if he would clear that threshold. I definitely didn't want him to have to owe at tax time.

    I'd think that if he didn't make enough to pay taxes, he should get a refund for whatever was withdrawn..  But then, I'm not a tax expert.

    I figured and hoped as much. I just wanted some confirmation, seeing as though I couldn't really find anything online that was exactly the same situation.

    --
    Regards,
    Nick

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  • From Nigel Reed@21:2/101 to Accession on Sun Jan 21 04:49:18 2024
    On Sat, 20 Jan 2024 06:57:34 -0600
    "Accession" (21:1/200) <Accession@f200.n1.z21.fidonet> wrote:

    Hello All,

    Didn't really know where to post this, but here has to be close
    enough. ;)

    Anyone have children (probably USA based in order to answer my
    question) that are minors and worked an actual job this past year?

    So my son is 15, and worked a summer job last year. I know for a fact
    he didn't make enough to qualify to pay taxes, but my question is..
    If we do a tax return for him, would he then get everything he was
    taxed back since he didn't qualify to pay taxes?

    I can't really find anything specific on this, but fif he didn't
    qualify to have to pay taxes, he basically could have claimed
    "exempt" and had no taxes taken out at all, but he didn't.. and DID
    have taxes taken out. Can he get that money back?

    I know, I know. This is the government we're talking about here, when
    can you get anything back? But.. inquiring minds want to know.

    I have a son but he doesn't earn enough from his soccer reffing to
    quality but I'm going to run his taxes through TurboTax anyway. It may
    occur that he doesn't have to file, or if he does and claims the
    standard deduction, he may actually get a refund. It doesn't cost
    anything to use TurboTax until you actually file.

    You could also work through the 1040 and then put down his income, or
    if he's classed as a contractor, he should get a 1099 I think it is.
    Anyway. it's worth trying.
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  • From claw@21:1/210 to Accession on Mon Jan 22 07:34:38 2024
    On 20 Jan 2024, Accession said the following...

    Anyone have children (probably USA based in order to answer my question) that are minors and worked an actual job this past year?

    So my son is 15, and worked a summer job last year. I know for a fact he didn't make enough to qualify to pay taxes, but my question is.. If we
    do a tax return for him, would he then get everything he was taxed back since he didn't qualify to pay taxes?

    I can't really find anything specific on this, but fif he didn't qualify to have to pay taxes, he basically could have claimed "exempt" and had
    no taxes taken out at all, but he didn't.. and DID have taxes taken out. Can he get that money back?

    I know, I know. This is the government we're talking about here, when
    can you get anything back? But.. inquiring minds want to know.

    Regards,
    Nick

    Well I do have kids but not one that works. File your taxes with a pro if you can and you should be able to claim it all back. I remember doing this as a kid and I didn't get it all back so would be interested to see if you do.

    Let us know what happens.

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  • From claw@21:1/210 to Jimmy Anderson on Mon Jan 22 07:36:07 2024
    On 20 Jan 2024, Jimmy Anderson said the following...
    Also, though, you might look at the difference between him getting
    it all back and you claiming him as a dependant. And I'm not sure
    of the law, but you might can do BOTH?

    As my dad used to say, don't leave money on the table. :-)




    This is a really good point. Depending on how much you made you might get more this way.

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  • From phigan@21:3/178 to Jimmy Anderson on Mon Jan 22 19:02:37 2024
    getting it all back and you claiming him as a dependant. And I'm not sure
    of the law, but you might can do BOTH?

    A dependant is someone who you paid more than half of their living expenses. They can still make money and not pay their living expenses :). So you definitely can do both. The 15 year old should file taxes to get back anything that was withheld, and regardless of what he made he probably didn't pay more than half of his living expenses so is still a dependent. Though, I think on the 15 year old's taxes, he has to SAY that someone else claims him as a dependent.

    I've always done my own taxes, but I can't say I've been in the situation of not having to file but filing anyway.

    -pH

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  • From poindexter FORTRAN@21:4/122 to phigan on Wed Jan 24 06:16:00 2024
    phigan wrote to Jimmy Anderson <=-

    getting it all back and you claiming him as a dependant. And I'm not sure
    of the law, but you might can do BOTH?

    A dependant is someone who you paid more than half of their living expenses.

    And who lives with you over 50% of the time in the year in question.


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