Contact UsDo I need to file taxes this year?
Summary of my situation in 2013 (Employment period: 01/07/2013 to 03/18/2013):
- Taxable wages (gross): $11,339
- Net pay (paycheck): $8,493
- Taxes: $2,915
a. Federal insurance contribution act (FICA) Medical: $165
b. Federal insurance contribution act (FICA) OASDI (social security): $709
c. Federal income tax: 1,511
d. Georgia state: $530
- Live in Georgia
- Independent with no dependents
- Single
- 24 years old
- Unemployed since March 18, 2013
- Had NO social security nor unemployment benefits
- Have no other income nor debt
If it's not required, then do I get a refund if I file taxes? What is the refund amount?
Please help. Thanks.
- Taxable wages (gross): $11,339
- Net pay (paycheck): $8,493
- Taxes: $2,915
a. Federal insurance contribution act (FICA) Medical: $165
b. Federal insurance contribution act (FICA) OASDI (social security): $709
c. Federal income tax: 1,511
d. Georgia state: $530
- Live in Georgia
- Independent with no dependents
- Single
- 24 years old
- Unemployed since March 18, 2013
- Had NO social security nor unemployment benefits
- Have no other income nor debt
If it's not required, then do I get a refund if I file taxes? What is the refund amount?
Please help. Thanks.
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Tax Professional Answers
David McKeegan
Hello,
With regards to your message, yes, you will have to file a tax return.
Individuals are required to file a return if they meet over certain income thresholds. If you are a single filer, that threshold is around $10,000. Since you made more than that, you will have to file a return.
The good news is that once you file, you will likely be entitled to a hefty refund because the majority of your income will be excluded by your personal exemption!
Hope this helps,
David McKeegan
Leave a Comment
533 weeks ago
With regards to your message, yes, you will have to file a tax return.
Individuals are required to file a return if they meet over certain income thresholds. If you are a single filer, that threshold is around $10,000. Since you made more than that, you will have to file a return.
The good news is that once you file, you will likely be entitled to a hefty refund because the majority of your income will be excluded by your personal exemption!
Hope this helps,
David McKeegan