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Old 02-04-2004, 01:08 PM   #16
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As a college student , you are exempt up to a certain income level from taxes, so its quite likely you'll be getting a return. I assume you should only need to file the 1040EZ form for your Federal return, which really only takes a few minutes.
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Old 02-04-2004, 01:15 PM   #17
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Quote:
Originally posted by nbcrusader
Lies,

You should have a W-2 from your employer (they must provide them by 1/31 each year). As you may know, the W2 will show your gross income as well as the amounts withheld for taxes.

How much you get back depends on how you set up your withholdings and the number of deductions you have. If you really want to put some effort into this, a program like TurboTax can help you decide the best way to file (1040EZ, 1040E or 1040). Without a mortgage, the standard deduction is probably best for you.
mmm, ok, my dad said the W2 came to their house (which is fine since he does my taxes) and he uses TurboTax b/c he does all my relatives' taxes too. I'll try and remember to pick up my payment stubs from work and see how much I've paid in taxes this past year.

So do I get it ALL back? or MOST of it back?

oh, and I do have LOTS of student loans! I'll make sure to ask my dad if that changes things....
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Old 02-04-2004, 01:17 PM   #18
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Turbo Tax will check all of these things for you.... You should get a good chunk back.
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Old 02-04-2004, 05:54 PM   #19
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Quote:
Originally posted by nbcrusader
Turbo Tax will check all of these things for you.... You should get a good chunk back.
Great! b/c this stupid college (seriously, I don't even know why I go here anymore...) is so expensive and I had to spend $400 of my U2 tour savings on books
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Old 02-04-2004, 06:07 PM   #20
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FYI
http://www.irs.gov
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Old 02-04-2004, 06:45 PM   #21
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Oh yeah, it's that time of the year were luckly I have someone to do mine with no charge.
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Old 02-04-2004, 10:59 PM   #22
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yeah, it can be really complicated. but since you're single, you'll definitely get a refund, unless you like claimed no taxes on your W4 or a ton of deductions. (which no employer would really let you do anyway, at least not without asking if you're sure first.)

me, i'm getting less and less of a refund each year. there's the marriage penalty for you! this year, i'm looking at less than $100 back. and that's INCLUDING my husband and i marking married, but withholding at the higher single rate. go figure!
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Old 02-04-2004, 11:29 PM   #23
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OK, thanks guys. I called my dad and we got it all sorted out.
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Old 02-05-2004, 05:10 PM   #24
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Okay, I have a question. Is there any free way to do your taxes on line. I have used Turbo Tax the past two years and have loved it but this year they have raised the price. Is it worth buying the computere software? Can I use that stuff year after year? Turbo Tax is almost idiot proof when it comes to taxes if you don't mind paying for it.
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Old 02-05-2004, 05:29 PM   #25
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Depends on the size of your potential tax liability. If you have a single source of income and few deductions, it is probably just as easy to use the forms. Multiple sources of income and different categories of deductions would prompt me to pay for the software.
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