<p>i'm a regular freshman college student working 10 hours a week( work study) at my school.The payroll people are asking me to fill out a 2010 W-9 or w-4 form if i'm claiming exempt tax status for 2010... how do i know if i'm exempt from taxes? what does it mean? i'm confused... again! can someone help me? thank you.</p>
<p>See IRS Publication 17: [Publication</a> 17 (2009), Your Federal Income Tax](<a href=“http://www.irs.gov/publications/p17/index.html]Publication”>http://www.irs.gov/publications/p17/index.html)</p>
<p>Table 1-2.2009 Filing Requirements for Dependents
If your parents claim you as a dependent, you must file a tax return if: (1) you have earned income greater than $5700, or (2) your unearned income (interest, dividends, capital gains) is greater than $950. Generally speaking, if you don’t need to file a return, then you are exempt from paying federal and state taxes. If you meet the above criteria, fill out the 2010 w-4 exempt form. (You could also fill out a regular w-4, have taxes taken out, then file for a refund next year.)</p>