dependents
Someone who relies on someone else for financial support
dependent
when do you get your W-2?
january
When do you complete a 1040
april
when do earnings begin
jan 1
debit, credit, digital wallet
what must all dependents have?
Be a US citizen, have a SSN, ITIN, or ATIN, and not file married filing jointly
what is a W2
shows how much you made the previous year
what is used to file taxes
1040
dec 31
who processes state tax return?
department of revenue or taxation
If you provide 50% of child support, they are your kid, stepkid, foster kid, sibling, or descendent under 19
when you can claim a dependent
when do you get a W4
start of employment
when do you get a 1099
jan 31
first day to submit tax return
jan 29
state and local
Can you file a tax return if your parents claim as a dependent?
yes
what is a W4
Determines how much money gets taken out of each check
what is a 1099
Used if you have income that wasn’t taxed, report certain types of non-employment income
deadline for employers to send out W2
jan 31
When do you need to file more than one state tax return?
if you moved within the year
If their income was more than $12,950, unearned was less than 1150, or or gross is more than 1150 plus 400
dependent filing tax return
your eligibility to work
deadline to file a tax return
may 1
If someone works in a different state than they live, it allows the individual to only pay taxes for one state.
reciprocal tax agreement