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It's not necessarily a matter of how long someone that age would have to work, but how much he earned. A quick call to your local/area IRA office could give exact specifics.
If you've worked during this year, you have to file taxes for it--it doesn't matter how long you've been working. You may, however, be exempt, depending on a couple factors (such as not meeting a minimum income). Your employer should be able to answer your questions about that.
It's very unlikely that your tax status would affect your scholarship possibilities, unless you were unable to provide specific paperwork that they asked for. (And at 18, it's likely that you're still considered financially dependent on your parents, so it's their taxes that would matter, not yours.) Nevertheless, failure to pay taxes isn't a good habit, so if your investigation shows that you should . . . do. ; )
It's not how long you have been working, but rather how much you earned. If you earned under a certain amount you don't have to file, but if taxes were withheld you miss out on getting that money back. As long as your non-filing status is not illegal I would not think it would matter regarding a scholarship.
You have to file if you have worked at all that year, because they will give you a W-2. Take it to a tax place or do it yourself online. If you are 18 and are in school you will get all the taxes you paid back anyway, so you will basically get paid for filing your taxes.
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You're reading How long do you have to be working to file taxes if you're 18 and working your first job? If you don't file, does it affect your chances of getting a grant or scholarship for college?
Comments
I realize it was a typo, but I couldn't help but laugh at your answer. :)
by Thriftymaid on October 2nd, 2009