Howdy! I worked a summer job this summer and it was my first job and they took taxes out of my paycheck.Does that mean I have completed a 2016 tax return?
No, it means that taxes were taken out of your earnings for 2017. It has nothing to do with a 2016 return. A tax return is an actual form that is submitted to the IRS and/or your state. Taxes for 2017 earnings have to be filed by April 15, 2018 and are the 2017 return. The 2016 returns were due by April 2017.
No, you’d need to do a tax return (IRS form 1040, 1040A, or 1040EZ). It depends on how much you earned whether you are required to do so, but if federal or state taxes were withheld you might benefit from filing to get anything withheld returned. FICA taxes will not be refunded, but federal or state amounts might be.
The employer is required to withhold payroll and federal and state taxes from your pay.
He reports those on your paystubs and in January of the follwing year will send you a W2 form showing your federal taxable income and all soc sec, medicare, federal and state deductions. The IRS gets a copy too. You use that to file a tax return.
I f you make under a certain amount then you are not required to file a tax return (you can file a tax return by paper or online with tax preparation program). But if federal and state taxes were withheld from your pay you might want to file a tax return to get a refund of that money.
See if you can still file a 2016 return at Turbotax taxfreedom edition. It should be free for incomes under $33,000
Oh and if you worked in summer of 2017, then you would file a tax return for 2017 in January of 2018.
For the 2018/19 FAFSA you would report any income you made in 2016.
If you didn’t have income or didn’t file a tax return for 2016, then you might have to provide a “verification of nonfiling letter” that you can get from the IRS to your school’s financial aid office.
If the money was earned in 2017, it is not time to file taxes yet. You wouldn’t file a 2016 return but a 2017 return NEXT spring.