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    leo2616's Avatar
    leo2616 Posts: 2, Reputation: 1
    New Member
     
    #1

    Dec 4, 2006, 02:14 PM
    Depleating money
    I have had no income for over and been depleating my savings can I file taxes I have paid out substational monies

    Can I file taxes for 2006
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Dec 4, 2006, 05:00 PM
    Do you have any earned income from a job or business in 2006?
    leo2616's Avatar
    leo2616 Posts: 2, Reputation: 1
    New Member
     
    #3

    Dec 4, 2006, 07:14 PM
    No I have no income for 2006 can I still file taxes if not if I got a some source of income can I file thank for help
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #4

    Dec 5, 2006, 10:23 AM
    If you manage to get a job during the Xmas season, you may be able to file and qualify for the Earned Income Credit.

    Good luck!
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #5

    Dec 5, 2006, 10:48 AM
    I think you need to file, even with no income, but I'm just wondering what you think filing will do for you. Unless you had substantial interest or investment income during 2006, you should have no tax liability. Since you had not earned income, you had no witholding. So basically, you have a wash.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #6

    Dec 5, 2006, 06:25 PM
    Scott:

    The general rule is that if the total income is less than the combined total of the personal exemption ($3,300) and standard deduction ($5,150), there is NO requirement to file a tax return except to claim whatever taxes were withheld from the paycheck, which does not apply in this case.

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