I am a full-time student and the only thing taken out is OASDI and medicare. I do not understand why there's no federal or state tax taken out. I'll make less than 8 grand this year. And would it matter if i get FASFA for school?
THANKS.

-JustDoIt1215

Federal and State witholding is based on the amount of income. With your income its not surprising that fed or state taxes aren't withheld.

Scott has it right. With your standard deduction at about $5,550 and a personal exemption at $3,600, your total income is too low to generate ANY income tax liability, so why bother withholding money?

I live in CT, single, making under 8 grand...

These were my choice for being single:

The expected annual gross income is less than or equal to $13,500 and no withholding is necessary. E
My expected annual gross income is greater than $13,500. F
I have significant nonwage income and wish to avoid having too little tax withheld. D
I am a nonresident of Connecticut with substantial other income. D

So do I choose D? I have significant nonwage income and wish to avoid having too little tax withheld. D
because I chose E previously causing no tax taken out. I have no idea what nonwage is and the people that I work for won't explain it to me.

Help? Thanks.

"Non-wage income" means income from sources other than wages - for example: interest, dividends, capital gains, and other business income. If you don't have significant amounts of non-wage income (that is, the wages from this job is your sole source of income for the year) then your income is small enough that no federal taxes will be due, so you should select option E. So the question is: do you have other sources of income?

I did select option E, which caused the "how come i dont have tax taken out of my paycheck" question. so you're saying that my reason why i dont have state nor fed tax taken out is because i dont make much in the first place?

If your total income for the year is $8K, and assuming that you are not claimed as someone else's dependent, then yes - you don't male enough to owe taxes, so there's no need to have taxs withheld from your paycheck.

But let me ask - are you a dependent of someone else's?

under what circumstances would i be a dependent of someone else's. my parents? when i was "trying" to fill this tax witholding paper when i started a new job. the first question stated:
enter the number 1 if no one can claim you as a dependent on his or her tax return... i wrote 1. is that wrong?

-no one couldn't help me fill out my papers. i don't even do my own taxes. i know.sad.

so what should i have written? nothing? left it blank?

here's one of the forms i filled out. http://www.irs.gov/pub/irs-pdf/fw4.pdf

for A and B, I wrote 1 for each, now that I think about it, I should have left A, blank, right? because my parents could claim me as their dependent. So H should have been just 1 and not two right? and #5. I wrote 1 from line H. I did nothing for page 2. so i left it blank... is that why i dont have ct state tax taken out?

If your parents claim you as a dependent (i.e, you are under age 19 and live at home), then when you complete your W4 you should leave worksheet line A blank, put a 1 in B, and it adds to 1 in line H, which then carries to line 5 of the W-4. Do not write EXEMPT in line 7, because you do in fact need to have some taxes withheld.

Back in yout first post you said that you had choices to make, and you listed out choices for options D, E, and F. Was that from the CT-W4 form (see: http://www.ct.gov/drs/lib/drs/forms/2008withholding/ct-w4.pdf)? Just to confirm - choice E would be the correct one for you on that form, assuming you don't have other significant sources of income (another job, or investment income). With choice E no tax will be withheld for CT. Since your total income for the year will below $12K, you do not have to pay any CT income tax, and consequently there is no need to have any tax withheld for CT from your pay check.

Yes the choices for options D, E, F were on the CT-w4 form. the form i'm talking on this thread is the w-4p ( witholding certificiate for pension or annuity payments)

i just read up about the qualifications for my parents to claim me.

The child must be your son, daughter, stepchild, foster child, brother, sister, half brother, half sister, stepbrother, stepsister, or a descendant of any of them.

The child must be (a) under age 19 at the end of the year, (b) under age 24 at the end of the year and a full-time student, or (c) any age if permanently and totally disabled.


The child must have lived with you for more than half of the year.


The child must not have provided more than half of his or her own support for the year.

-so I am 20, full time student, lived back home since january, their daughter....now what about the last part, the child must not have provided more than half of his or her own support for the year? how do i know if i did not provide more than half my support? $8000, doesn't sound alot...

so drawing from your conclusion, my parents can basically claim me right? it's not like i'm making over $10,000 this year. what do you think?

http://www.irs.gov/pub/irs-pdf/fw4p.pdf

I did select option E, which caused the "how come i dont have tax taken out of my paycheck" question. so you're saying that my reason why i dont have state nor fed tax taken out is because i dont make much in the first place?

So far, three people at least ,have answered this question for you in the same way. Your weekly pay, annualized indicates insufficient income to justify tax withholding. Why is that hard for you to understand?

You say you have non wage income, but when asked to describe it you don't. Please let us know the nature of this income.

As to being claimed as a dependent, if you parents supply more than half the costs of your support, then they can claim you as a dependent.

From what you describe, you don't need withholding. Did you file your own taxes last year? What was your taxable income? Did you have to pay?

http://www.irs.gov/pub/irs-pdf/fw4.pdf

it was actually the FORM W-4

so i should follow the directions you gave if after i get your final opinion.

thanks

i didn't owe anything. i only receive $3 stinky bucks. but would i be consider a dependent? how much is more than half of my support? - i dont do my taxes. my parents get their taxes done by someone else anyways.

Ask your parents if they claimed you!