Although I really like one of the previous answers - let me throw a few things at you: At age 23, you may still be your parents' dependent IF you are. show more Although I really like one of the previous answers - let me throw a few things at you:
At age 23, you may still be your parents' dependent IF you are in college full time for at least one semester last year and if your folks paid for more than half your needs - (college, living at home, food, internet, etc. ) In that case, you would not be able to claim yourself.
On the federal level - you do not have to file a tax return unless your total income exceeds $5,450. If you are not in college and can claim yourself, then you do not have to file a tax return unless your total income exceeds $8,950. Even if you are not "required" to file - sometimes it is good to file for a refund if your employers withheld taxes -
see box #2 of your Form W-2 to see how much was withheld.
You may not need to file a state return as well. Another poster recommended you check your state's website to see if you need to file a state return - or your federal only. If you check box #17 of your Form W-2, and the total there is less than the cost of turbotax - why waste your money?
Frankly - you should try to do your own tax return the first time, just for the experience. Once it is done - you can take it to your local tax preparation agency - I am fairly certain the Green Square folks will take a second look at your tax return for $29 and certify that you've done it right. If you missed important things like deducting student loan interest or moving expenses, they'll help you file properly but be prepared to pay over $100 for good tax preparation.
Or. you could go with your dad's guy.
Talisman · 7 years ago