Who is exempt from filing income tax returns?
You may be exempt from filing federal and state income tax returns, if your income falls below certain levels. See instructions for Form W-4, Form MO W-4, and IRS Publication 505, Tax Withholding and Estimated Tax at the IRS website. http://www.irs.gov/formspubs/index.html Under current U.S. law, students who are degree candidates and who are “enrolled and regularly attending” courses are exempt from FICA withholding on wages paid for university employment which is incident to and for the purpose of pursuing a course of study. The IRS has indicated that registration must clearly demonstrate that student status is primary and employment status is secondary, and that universities must have policies for deciding when to exempt student employees, including graduate assistants, from FICA. See additional information at Student FICA Exemption. Consult with the Payroll or Tax Department if you believe you qualify for exemption from the FICA tax.
Related Questions
- I am the spouse of a military service member, living in Virginia. Am I exempt from filing Virginia income tax returns under the Military Spouses Residency Relief Act?
- What additional information is available for large tax-exempt organizations – those that prepare their own returns?
- Can corporations exempt from filing returns in Alberta file an Alberta SR&ED tax credit claim?
