I’m a student and just started working this semester. At what level of annual income am I eligible to pay taxes?

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Posted by Rachel Vales (MONEY FORUMS: 4, Answers: 0)
Asked on March 1, 2016 3:35 pm
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Assuming your parents are still claiming you as a dependent, you will only have to pay federal income tax if your earned income is over the current year’s standard deduction amount…..($6800 for 2015). If you have investment income (the threshold used to be $1000, I am not sure what it is at this point), you may have to pay some tax on that even if you earn less than $6800.

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Posted by Beth Tallman (MONEY FORUMS: 1, Answers: 61)
Answered: March 8, 2016 5:53 pm