http://www.kenniffonline.com/income-tax-profits/
Do 16 years must file income tax?
If you work full time in the summer and after school and weekends the school year, must be personally present income tax, or work that engages automatically deduct all that from your salary? In addition, with income tax in general, after working out of federal taxes and social security, etc. .. to then pay income tax on their behalf total, or what you did in total?
His age has nothing to do with the requirement to file a tax return. If you win more than the amount required presentation for your filing status, must submit. For a young man of 16 who is being claimed as a dependent, the amount of wage reporting requirement of a subject to withholding of employment is $ 5,450 in 2008. You must also file if you have unearned income greater than $ 850 or self-employed income of more than $ 400 or if you have unearned income of more than $ 300 and income of $ 5,150 or more. If you have a regular job, they will withhold taxes from your paycheck. You must file if your income exceeds the above amounts. You must also file if your income is lower but you want the taxes withheld from your pay reimbursed.
TaxPlus Tax Tip – For Profit or Hobby?