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Thread: Income taxes, deductible and dependents

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    Default Income taxes, deductible and dependents

    I'm very confused as to what taxes I need to pay and when I need to pay them. Do I need to file more than an income tax? If so could someone list out what taxes I need to file. Also, what are the requirements to be considered dependent? (I'm 18.) What is considered tax deductible?
    I have more questions over this topic but I can't think of them at the moment .
    Thank you very much!

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    Default Re: Income taxes, deductible and dependents

    You really should get an accountant & have them show you for the first few years until you get the hang of it. They will know what you can legally deduct.

    On dependency status it will depend on if your parents are still claiming you... which they very well could be especially if you are in college.
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    Default Re: Income taxes, deductible and dependents

    OK first question ... do you receive any sort of a paycheck from your club ? This is a key question since it determines whether you must file your taxes as an 'employee' of the club or as a self-employed 'independent contractor' dancer.


    While less important, the second question as Kylea stated is whether or not your parents are still able to claim you as a dependent. If you are under age 23 and a college student, or still living in your parents' home, or still covered under your parents' health insurance, the answer is almost certainly yes.

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