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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Ish who wrote (138943)	7/6/2004 11:10:50 AM
From: jttmab	Read Replies (1) \| Respond to of 281500

If a student works outside of the family business, taxes and SSI are with held. When the student files for a refund it would go on record as earning $2,600 per year if that is what he earned. If you're a single dependent, you don't have to file a return until your earned income is in excess of $4,500. You adjust your withholding so that you have no federal tax withholding. That's what I had my kids do. Are there some kids who didn't do that? Probably. But I don't know how to guess how many students that was and/or whether the students withholdings exceeded their tax liability. If you want to continue to claim that those returns are students, then I'll have to ask you to back it up with something more than "probably". SSI is withheld, but that doesn't have anything to do with Federal income tax. I did misread Pub 17, the EIC increased by $2,600 and it was not a limit. The qualifying rules for EIC are in Chapter 38 of Pub 17 too lengthy to describe here. I should have caught that myself with the break point of the 10 percentile lower limit, but didn't. At least I caught my mistake there before any one else noticed. :0} jttmab