I’m male 20 years old and live in florida. Lived here all my life and this is the first time I’m filing taxes and would like as much help as I can get. I got a w-2 and a 1099-misc
form w-2 wages and tax statement
wages,tips,other comp. 2856.00
federal income tax withheld 77.00
social security tax withheld 119.95
medicare tax withheld 41.41
nonemployee compensation 4138.72
no taxes paid on this at all .
Wondering what forms do I fill out and what I’ll owe and don’t I get a standerd deduction or something so I shouldn’t owe nothing since I didn’t make but 7k or so last year? Thank you for your valuable time!!
Oh I’m filling as non dependent
You might owe a little.. go to taxact.com & click on file federal return. It will walk you through the entire process.. you just answer questions. It knows which forms you will need & you can print them before filing. Very simple. Did you support yourself, or did your parents have the right to claim you? (They can if they provided more than half your support in 2012). If they claim you I believe you will have a small tax amount due to the IRS. If you can claim yourself you may not, but it doesn’t look like you are going to have much of a refund. By the way, you legally have to file since you made more than the minimum. You will also have to pay your social security & medicare for the 1099 on a schedule C. Tax act knows this & will take care of it all. No state return since you live in Florida (no state income taxes there). Hope this helps.. it’s really a lot easier than it sounds I promise! Also if you plan to have refund direct deposited make sure you have the bank account in your name & have the routing number and account # handy when you file. Or you can take it all to H & R block & they will do it for you for a small fee. (less than $100)