When you file your taxes it is sent to the IRS. The IRS stands for Internal Revenue Service. You have to do this procedure each year, starting in January.
This procedure is done each year to fund schools, roads, healthcare for the elderly, and any other public service. Teenagers aged 19 and under have to file taxes if they made $14,600 or more the previous year. Each kid’s situation is different. If you did not reach the $14,600 line you can still choose to file a return to receive a refund.
Each teen is responsible for their tax return and for paying any tax, penalties, or interest on returns. If the government owes you a tax refund it will be in your interest to file.
If you are interested in filing taxes as a dependent you must be under the age of 19, attending school full time, and lastly live with a parent for more than 50% of the year.
When filing taxes there are many different types of forms for different significance. The main one is the W-2 form. This form is for employers. It shows the amount of wages earned and any taxes that were previously taken in paychecks.
There is also a W-4. You fill out this form when you get a new job. It allows the job to deduct a certain amount of money for federal and state taxes. You can file your taxes in person or online. It’s recommended to file taxes in person with a helper if you feel as if you need assistance. You can go to the United Way. United Way is a location that is a national nonprofit. It helps you file taxes for free. Information that they can ask you about when filling is
-your full legal name
-birthday
-Social Security number
-tax filing statutes
-W-2 form if you’re an employer
-any 1099 form (a form for self-employed income)
If you prefer online filling there are many sources you can find online. A source you can use is the official government department which is known as the Internal Revenue Service (IRS.)
The deadline for filing taxes is April 15, 2025. Which is coming soon. Not filling can lead to penalties, so make sure you have a date in mind.
