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If i am 17 years old and i get a w-2 how would i recieve the money?

Forum|Forum|6 years ago
June 7, 2019
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I worked at a job for a while and they are aending me my w-2 form. This is my first form so i am not completely sure how i will recieve the money.

Best answer by beth6

I assume when you say your 'money' you're talking about your refund. When you get your W-2, it will show you how much you earned, how much was withheld from your earnings, etc. You then use that information to file your taxes and presuming you paid in more than you owe in taxes, you'll get a refund. If you have a bank account, you can have it direct deposited there.

Also, make sure you talk with your parents about it before you file your taxes. Unless you are living on your own and paying all of your own expenses as an independent adult, (including food, rent, utilities, insurance, etc), chances are your parents are claiming you as a dependent. If you try to claim yourself, you will mess up your parents' taxes in a huge way.

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beth6Answer

I assume when you say your 'money' you're talking about your refund. When you get your W-2, it will show you how much you earned, how much was withheld from your earnings, etc. You then use that information to file your taxes and presuming you paid in more than you owe in taxes, you'll get a refund. If you have a bank account, you can have it direct deposited there.

Also, make sure you talk with your parents about it before you file your taxes. Unless you are living on your own and paying all of your own expenses as an independent adult, (including food, rent, utilities, insurance, etc), chances are your parents are claiming you as a dependent. If you try to claim yourself, you will mess up your parents' taxes in a huge way.

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pringle_feverAuthor

Thank you so much beth for the lengthy response. It really helped so much. I just have one question, when you said unless i owe in taxes what do you mean by that.