Top 5 Things You Should Know About Taxes

No. 5: Anyone making an income has to pay taxes

461px-US_Corporateation_Income_Tax_Return_2011_form_1120Public Domain Image: Public Domain

Once you start making an income, whether through a job or through interests and savings account, you have to start filling your taxes, regardless of your age. However, the income has to surpass a certain amount before you are required to file. Nonetheless, make sure you check with your local legislation, even if the only way you’re currently making money is through interest on your account.