What is the name of your state? California.
I am a full time student and probably will not be working at all this year. However, I am considering donating my car. Can I get any deduction for the car donation if there is no income to begin with? If that is possible, what tax bracket am I? If the vehicle is valued at $2,000. What would I get in my "refund"?
In general, is there any credit I can claim as a nonworking student for tax break? If I happen to work some part of the year, what is the minimum amount one needs to earn to mandate filing?
It seems very odd to me not to file for income tax, as I have been doing so for many years. Do I need to declare to IRS that I have no income this year and therefore will not file, or do I just simply not file(and take no action)?
Thanks.
I am a full time student and probably will not be working at all this year. However, I am considering donating my car. Can I get any deduction for the car donation if there is no income to begin with? If that is possible, what tax bracket am I? If the vehicle is valued at $2,000. What would I get in my "refund"?
In general, is there any credit I can claim as a nonworking student for tax break? If I happen to work some part of the year, what is the minimum amount one needs to earn to mandate filing?
It seems very odd to me not to file for income tax, as I have been doing so for many years. Do I need to declare to IRS that I have no income this year and therefore will not file, or do I just simply not file(and take no action)?
Thanks.