Help Please! Will I end up owing taxes? How to avoid? ?

Question

I work 4hrs at a school. I Luv my Job!

I have no kids and have lived with my boyfriend for 10 years.

I help pay for groceries when ever I have money.

I work for 180 days because of the days off at the school I work at.

Don't get payed days off nor vacation nor sick days nor do I get benefits.

I get payed every two weeks 8.50/phr and they take aprox 20%.

Twice for Medicare, work comp high, work comp ter/dtec, medicare, soc sec, soc sec so total about 100 bucks is deducted from my check. I don't want to end up owing taxes so how do I avoid? I also wanted to know if i will ever qualify with this job to do my taxes or what is the minimum?

Answer 1

Even if you earn below the limit where you are required to file, you probably will want to file a return anyway in order to retrieve the income tax that was withheld from your check for both Federal and State i. e.,  assuming that you live in State that taxes income as well.

Answer 2

It would help if you mentioned in which country you work, as the tax laws vary from country to country. I assume you are in America, as many Americans using Yahoo Answers also assume that all the respondents will also live in the same country. If you lived and worked in Australia, the law is that all income earned whether here or abroad, by a resident in Australia is liable for payment of income tax, unless it is exempt income. We then have a threshold of $6,000.00 which means that no income tax is payable on the first $6,000.00 earned. After that the tax rate is 15 cents in every dollar earned up to $ $30,000.00. It then goes to 30 cents in the dollar up to $75,00.00, 40 cents in the dollar up to $150,000.00, and 45 cents in the dollar for any income over $150,000.00.

If you are in America, sorry you do not have a tax threshold. You are liable to pay income tax on every dollar earned. Your rate starts at 10 cents in the dollar.

For 2008, the Federal tax brackets for a single (unmarried) person are:[1]

10%: from $0 to $8,025

15%: from $8,026 to $32,550

25%: from $32,551 to $78,850

28%: from $78,851 to $164,550

33%: from $164,551 to $357,700

35%: $357,701 and above

You should lodge an income tax return and it could be that you are entitled to a refund.

Answer 3

You aren't making enough to owe federal income tax.  If they took anything out for federal income tax, you could file and get it refunded, but you don't list that - if they don'e withhold any federal income tax there would be no point in filing a tax return.