IRS Security Jobs
October 13th, 2009
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Question: What is the minimum income to report it to the IRS?
Sorry, the question is pretty vague. I primarily work one job, in 2006 I took on a new job just to make a few extra bucks, I worked there for two hours then quit. After Social Security and Medicare were deducted, I made a total of 13.85 on the one paycheck I earned from them. No Federal or State taxes were deducted from my check.
The question is, do I need to report this income to the IRS? I need to file a tax return NOW and I’m tired of waiting for this W-2 to come in the mail. I have to file quickly because I am starting school and need to file a FAFSA.
Answer: Technically you don’t have to file because it’s such a low income. As far as your FASFA they want the tax returns of your parent or whom ever claims you as a dependent. If you are independent then you woul need to file that 13.00 and to include other sources of income(they know you can’t live on $13 alone).
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