tax question - Off-Road Forums & Discussion Groups
The NOT-Off-Road Lounge Talk any topic NOT related to Off-Road vehicles. ESTABLISHED COMMUNITY MEMBERS ONLY - NO SPAMMERS.

 
LinkBack Thread Tools Display Modes
post #1 of (permalink) Old 01-22-2003, 10:58 AM Thread Starter
 
Join Date: Apr 2002
Posts: 672
Thanks: 0
Thanked 0 Times in 0 Posts
 
tax question

Does anyone know the most you can make and still not pay taxes? I'm a poor college student who has never made enough to pay taxes, but this last year I made a little over $8000. I heard that that was somewhere near the limit. Does anyone know for sure?
matteorr is offline  
Sponsored Links
Advertisement
 
post #2 of (permalink) Old 01-22-2003, 12:16 PM
Moderator
 
Shorts's Avatar
 
Join Date: Oct 1999
Location: Texas
Posts: 6,137
Thanks: 0
Thanked 0 Times in 0 Posts
 
Re: tax question

i want to say that the limit is $9000, but i'm not eral sure....maybe i'm a dyslexic forgetful gal, it could be $6000 [img]images/graemlins/crazy.gif[/img] hahah but really, i think its 9
Shorts is offline  
post #3 of (permalink) Old 01-22-2003, 01:22 PM
 
Join Date: Mar 2002
Posts: 1,620
Thanks: 0
Thanked 0 Times in 0 Posts
 
Re: tax question

i still get my employer books, ill check for sure, but i do think you can use write offs to offset that. exspecially if your in school. another thing is you can claim another exemption if you work more than 50 miles from home, books,tags,ect....
pfunk1974 is offline  
post #4 of (permalink) Old 01-22-2003, 05:12 PM
Moderator
 
Shorts's Avatar
 
Join Date: Oct 1999
Location: Texas
Posts: 6,137
Thanks: 0
Thanked 0 Times in 0 Posts
 
Re: tax question

</font><blockquote><font class="small">In reply to:</font><hr />
exemption if you work more than 50 miles from home, books,tags,ect....

[/ QUOTE ]

umhm, i claimed that [img]images/graemlins/cool.gif[/img]
Shorts is offline  
post #5 of (permalink) Old 01-22-2003, 10:04 PM
Can't Get Enough
 
desertrat67's Avatar
 
Join Date: Dec 2000
Location: Katterbach, Germany
Posts: 1,471
Thanks: 0
Thanked 0 Times in 0 Posts
 
Re: tax question

my wife is a tax preparer and wants to know if your parents claim you on their taxes. if so, then you probably owe. How old are you? If under 24, your parents can claim you if they are paying for part or most of your education. If you made less than 7700 you will not owe anything(don't know exact numbers so you could owe a little or get little). if you are 25 or over you might qualify for Earned Income Credit for yourself(don't need kids). If you have student loans you can deduct whatever interest you paid on them for 2002. My wife says you will owe less than 40 or so if you claim yourself when you file and if your parents claim you, you will owe closer to 300.
desertrat67 is offline  
post #6 of (permalink) Old 01-22-2003, 10:38 PM
Keyboard Implanted
 
krabysniper's Avatar
 
Join Date: Nov 2001
Location: N.Dakota, United States of America
Posts: 4,269
Thanks: 0
Thanked 0 Times in 0 Posts
 
Re: tax question

It is in your best interest to always file whether you think you will owe or get some in return or even if you will neither owe or recieve. And no I do not work for nor have any asociation with the internal rip off service, I just know from expierence.
krabysniper is offline  
post #7 of (permalink) Old 01-23-2003, 03:59 AM
Veteran
 
Join Date: May 2001
Location: Burlington, KY
Posts: 805
Thanks: 0
Thanked 0 Times in 0 Posts
 
Re: tax question

An exemption if you work 50 miles from home????? [img]images/graemlins/cool.gif[/img]

Please tell me more, I have a 52 mile drive each way to work. Do I have to claim the shortest route, or a normal one?? Does it matter if I only work 3 days a week??? It's still 40 hours
JaxZ71 is offline  
post #8 of (permalink) Old 01-23-2003, 07:48 AM
 
Join Date: Mar 2002
Posts: 1,620
Thanks: 0
Thanked 0 Times in 0 Posts
 
Re: tax question

you get vehicle right offs, in the form of either
1)gas and maintainance
OR
2)32 cents a mile
whichever is higher, plus if you didnt write that off last year, you can write both years off this year
pfunk1974 is offline  
post #9 of (permalink) Old 01-23-2003, 12:10 PM Thread Starter
 
Join Date: Apr 2002
Posts: 672
Thanks: 0
Thanked 0 Times in 0 Posts
 
Re: tax question

Hey, I have an over 50mile drive to work (round trip though). I still live at home with my parents but pay for my own college (no loans as of yet). I was planning on filing either way, to get back what I paid, or to pay what I need to. I've got my fingers crossed at this time for the $9000, but I'm figuring on it being the $7000 number. Oh well, can't change it now, so why worry. Thanks for all of your input and help!!!
matteorr is offline  
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Off-Road Forums & Discussion Groups forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome