Alert to college and high school students working a summer job. If your total income goes over $5,700 for the year, you’ll need to file a tax return for 2010. If you earn less than $5,700 but also have investment income (interest, dividends, capital gains, etc.) greater than $300, you’ll have to file tax returns. If your employer didn’t withhold any federal or state taxes, you’ll need to be prepared to pay taxes with your return by April 15, 2011.
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