how much money are full time college students allowed to earn without paying taxes?
im a full time college student in Nevada and considering another part time job, but if i earn too much money, im afraid it might ruin the setup i have going with my dependency on my parents insurance.
United States - 3 Answers
People's Answers, Critics, Comments, Opinions :
Answer 1 :
The same as other people. If your parents are going to claim your exemption, you can't earn more than $3,500
Answer 2 :
You still need to file your taxes and you will get it all back. I am not sure of the dollar amount but I have made some pretty decent money while working two jobs and got all my money back. (I'm a FT college student as well)
Answer 3 :
Being a full time student doesn't make the answer any different than if you weren't. If you make over $400 from self employment, or over $5350 from a job where taxes are taken out (that's the 2007 number - 2008 will be a little higher) you don't have to file a return. But just filing a return doesn't mean that you are not a dependent of your parents. If you provide over half of your own support, they can't claim you, but as long as you stay below that, you would still be a dependent and able to be on their insurance even if you did file a tax return.
Read more discussions :