taxes (more)

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12 Terms

1
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W-2

to me, one for every job, tells how much you earned and how much you already paid in taxes,

2
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1099

earned other types of income rather than being an employee

3
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1040

standard, earned income in the past year, goes to IRS

4
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W-4

complete when starting a new job, determins how much money gets taken out of each paycheck, goes to employer

5
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I-9

complete when starting a new job, prove eligibility to work in the US, goes to employer

6
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must file taxes if

income more than 14600, unearned income more than 1300, self employed income more than 400

7
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to be claimed as a dependent

family member, provide 50% of needs, under 19 without college, under 24 with college

8
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what types of incomes are taxable?

wages, salaries, tips, bonuses, investments

9
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jan 27

first day you can submit tax returns

10
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jan 31

deadlines for w-2 and 1099

11
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apr 15

tax day, last day to submit income tax forms or to request an extension

12
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oct 15

deadline for filing tax return extensions

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