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Help im trying to claim my taxes?
So i didnt think i would do taxes like ever just because i didnt care for that money, soo when i started to work last year i told my boss i had 5 dependents, but i dont.
Now
i reallllly need money so i wnat to claim my taxes, but i dont have any depepndents, im an independent, what should i do?
can i get in trouble?
and what if my sister claims me on her taxes?
im 17 years old, i worked the entire year made $400 a week, made 25000 in state taxes? would i still get in trouble with the IRS and cant they deduct from my txt returmn instead of me paying them?
5 Answers
- StephenWeinsteinLv 78 years agoFavorite Answer
$400 per week is $20,800 per year.
If you made only $400 a week and claim that you "made $25,000 in state taxes", then you will get in trouble. If you "made $25,000 in state taxes" and you claim that you made only $400 a week, then you will get in trouble. You won't in trouble for telling your boss you had 5 dependents. You will be in trouble for claiming that you made a different amount than you really made.
If you tell the truth about how much you made, then you won't get in trouble for telling your boss that you had 5 dependents.
You should file your taxes, the normal way, and claim the truth about how many dependents you have and the truth about how much money you made.
The IRS can deduct, but it might not be enough. Even if the deduct everything, there might be something left that you have to pay them.
And you should be ready, if it comes to this, to prove that you are independent and are not a dependent of our sister.
- JudyLv 78 years ago
Now you're in trouble. "Claim" your taxes? There's nothing to "claim". When people don't pay enough in through the year, they OWE the rest of the money when they file, don't have an overpayment to get back. And the IRS gets copies of all the W-2s, and their computers match them up with returns filed. If you are owed a refund and don't file, they don't really care, just keep your money. But if you owe the government, they will first send you a bill for the tax you owe plus penalties and interest, then if you ignore that, they use other means to collect from you, taking it out of your paycheck or bank account. If you owe and just don't file, they tack on additional penalties, so don't do that. This one isn't going away. You screwed up big time!
The extra money is due on April 15. If you can't pay it then, the IRS will let you set up a payment plan, put it will cost you.
If your sister claims you, then you'd probably owe even MORE than if you can't be claimed. It doesn't get you out of anything, or shift the responsibility to her. It would also be illegal unless she meets the rules to claim you, so you could both get in trouble.
With your additional details, depending on whether you made 400 a week or 25,000 for the year, you'll owe somewhere between 1200 and 1800 for federal income tax. You probably had little if anthing taken out for federal. Can't they deduct it from your refund? YOU DON'T HAVE A REFUND, SO THERE'S NOTHING TO DEDUCT FROM!!!! A refund isn't money the government just gives you. It's a refund of your over payment if you paid in too much. You didn't pay in even enough. One way or the other, you're going to have to pay them.
And a suggestion: fix your W-2 at work ASAP if you didn't already, to single/1, so you don't go through this again next year.
- Queen_LuckiLv 48 years ago
By you telling your job that you had 5 dependents (this is done on a w-4 form), you most likely ended up not having enough tax withheld from your check.
When you file your taxes, to claim depedents, they must have social security numbers which you fill in on the tax form. So you're not necessarily in trouble by telling your boss you had 5 dependents, but you WILL be in trouble if you don't pay what you owe. You can figure the amount you owe by filling out the tax form.
This is assuming you're over the age of 18. And the only way your sister can claim you is if she provided your support (rent, food, etc.) for more than 6 months last year.
Source(s): I work for the IRS - 8 years ago
What you told your employer just helps determine how many taxes are deducted from your paychecks (taxes you are paying) for the time being.
Make sure when actually filing your taxes, to claim the correct number. You will likely owe money now (opposed to getting your tax refund back) since you opted to pay less taxes throughout the year.
*If you owe money that means you do not have refund for them to deduct the excess amount from. I am not sure about your sister claiming you as a dependent.
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- troLv 78 years ago
no, your sister cannot claim you
your income of $25K indicates you are providing more than 50% of your support which means that $9750 of that income is not taxable
taxable amount, $15250, is probably income tax of around $1600, how much was withheld from your paychecks?