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Yes. Unemployment benefits are taxable income. If you had taxes withheld from your checks, you may be entitled to a refund.
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Can you file a tax return with just unemployment benefits as an income?
Not only can you file a tax return with just unemployment benefits, but in some cases you have to. Unemployment benefits are considered income, and as long as your income is greater than the filing threshold, you have to file a return. For 2012 the filing thresholds are $9,750 for single filers and $19,500 for a married couple. You should get a 1099-G [Certain Government Payments] summarizing all of the benefits you received throughout the entire tax year.
Can you file income tax if you only receive unemployment benefit?
Yes. Unemployment benefits are taxable income. If you had taxes withheld from your checks, you may be entitled to a refund.Read more: Can_i_file_a_tax_return_if_unemployment_was_my_only_income
Can you file your income taxes even i only made 400.00 on my state wages?
You can file a return no matter what your income level is if you have some reason to do so. With this amount of income you are not required to file but you can if you want to.
What if you do not file a tax return?
If you had no earned income, or you were, perhaps receiving SSI benefits as your only income, then there is no need to file a tax return. However, if you had earned income and make it a habit to not file, it will eventually catch up with you and could be the result of an audit and you owing the IRS.
Do students have to file income tax returns if they only earned 200?
If that was their only income, then they probably do not have to file a federal return. But remember both earned and unearned income counts. State tax requirements vary by state. But if they had any income tax withheld, they should file in order to get a refund.
Can you file a tax return with just unemployment benefits as an income?
Not only can you file a tax return with just unemployment benefits, but in some cases you have to. Unemployment benefits are considered income, and as long as your income is greater than the filing threshold, you have to file a return. For 2012 the filing thresholds are $9,750 for single filers and $19,500 for a married couple. You should get a 1099-G [Certain Government Payments] summarizing all of the benefits you received throughout the entire tax year.
If you're on welfare can you file for taxes?
You can file a income tax return if you WANT to if the only worldwide income that you have is the welfare income amount. IF you do NOT have any other worldwide income to be reported on the 1040 federal income tax return you would NOT be required to file a 1040 federal income tax return.
Can you file income tax if you only receive unemployment benefit?
Yes. Unemployment benefits are taxable income. If you had taxes withheld from your checks, you may be entitled to a refund.Read more: Can_i_file_a_tax_return_if_unemployment_was_my_only_income
Must you file a return if your only income is social security benefits under 10750?
No. You do NOT have any other worldwide taxable income to be reported on your 1040 income tax return and you only have the 10750 of SSB for the year you would not be required to file a 1040 income tax return for the tax year 2009.
Can you file your income taxes even i only made 400.00 on my state wages?
You can file a return no matter what your income level is if you have some reason to do so. With this amount of income you are not required to file but you can if you want to.
What if you do not file a tax return?
If you had no earned income, or you were, perhaps receiving SSI benefits as your only income, then there is no need to file a tax return. However, if you had earned income and make it a habit to not file, it will eventually catch up with you and could be the result of an audit and you owing the IRS.
Do you have to file a tax return for unemployment?
Yes, unemployment compensation in excess of $2,400 per recipient is taxable on the federal tax return. On the 2009 Form 1040, that amount is entered on line 19. For a married couple, if both received unemployment compensation, the taxable amount would be anything over $4,800 if each received $2,400.However, for Tax Year 2009, you may exclude the first $2,400 (you do not have to report it).
Do you need to file a state return with no income in that state?
If you are a resident of that state, you have to file a tax return regardless of where you got your income. For example, if you are a New Jersey resident working in New York, you must file both a New Jersey and a New York tax return even if your only source of income was working in New York. And be sure that your definition of "income" coincides with the state's definition of income.
Do you file social security income along with working full time income?
Only 1 return is filed by anyone. It includes all income.
Do students have to file income tax returns if they only earned 200?
If that was their only income, then they probably do not have to file a federal return. But remember both earned and unearned income counts. State tax requirements vary by state. But if they had any income tax withheld, they should file in order to get a refund.
Can you file a tax return if your only income was states assistance?
Everyone is allowed to file a tax return. Public assistance benefits are generally not taxable, but if you had any other income you would follow the same rules as anyone else.
If I'm married and my 2009 income is only 2000 do I need to file a tax return in 2010?
You probably aren't required to file a return. Generally, if you're Married Filing Jointly under age 65, you're not required to file a return if your gross income for 2009 is under $18,700. Although you're not required to file, you should file if you're eligible for certain credits, such as earned income or making work pay.
