Do I have to file income tax this year?

Question

This year will be my first time filing income taxes (If I have to file).

I graduated from college last June 2014' and started working in November 2014. I made less than 10k in those 2 months of 2014.

I also have a 1098t form through the university.  I received scholarships and financial aid and I've been paying my student loan since November.

I'm single, independent and have no dependents.

Do I have to file for taxes this year?

Thank you!

Judy · Answer

If you are truly not  a dependent, no you don't have to file.  If you're a dependent and made over 6200, you do.  But there's a good chance that you are.  How did you live that first ten months of the year?  If from your scholarships and financial aid, and you were living on your own  and pying your own bills, not living with your parents, you might not be a dependent.  Interest paid on your student loans won't do anything taxwise for you, and most likely you wouldn't get anything for an education credit either.

tro · Answer

if you made $10K was an income tax withheld at all? if so yes, you would want to tile to get that refunded to you
single, no dependents, your non taxable income is $10150

MadMan · Answer

Yes, you do.

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Do I have to file income tax this year?

3 Answers