Unless the 18-year-old is a dependant because of disability or other factors, generally they are considered an adult and must file their own taxes, and you cannot claim them.
Yes, there will be directions on the correct steps in your tax booklet.
yes, if that sister has resided with you 6-12 months of the previous year and you have taken care of that sister,I know this because my 11 year old brother resides with me and I file him on my taxes
There is no exemption from income taxes because of age. Being claimed as a dependent does not make your child exempt from taxes. Regardless of age or dependent status, if your child has sufficient income she must file her own tax return.To claim "exempt" on her W-4 at work, BOTH of the following statements must be true:1) She owed no taxes last year. All taxes that were withheld (if any) were refunded.2) She reasonably expects to owe no taxes this year.
A sixteen year old can file income tax and, if the 16 year old had sufficient income, the 16 year old must file tax. There are no upper or lower age limits on income tax obligations. Even if the 16 year old didn't owe any tax, if taxes were withheld from the 16 year old's wages, the 16 year old should file in order to receive a refund.
where is your "Tax Bracket Calculator? and if I may why is this site so hard to use? How much would a 16 year old pay for taxes on $800 if her parents claim her as a dependent? depends on the year. in years past, if you didn't make more than 3000 in a calender year you wouldn't have to pay taxes on the money.
Yes, there will be directions on the correct steps in your tax booklet.
yes, if that sister has resided with you 6-12 months of the previous year and you have taken care of that sister,I know this because my 11 year old brother resides with me and I file him on my taxes
No, Allas.
There is no exemption from income taxes because of age. Being claimed as a dependent does not make your child exempt from taxes. Regardless of age or dependent status, if your child has sufficient income she must file her own tax return.To claim "exempt" on her W-4 at work, BOTH of the following statements must be true:1) She owed no taxes last year. All taxes that were withheld (if any) were refunded.2) She reasonably expects to owe no taxes this year.
YES she can.
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No.
no your baby can be one year old and still be claimed on your taxes according to the IRS if a baby is born in the year even on the last day it is claimable for eic
A sixteen year old can file income tax and, if the 16 year old had sufficient income, the 16 year old must file tax. There are no upper or lower age limits on income tax obligations. Even if the 16 year old didn't owe any tax, if taxes were withheld from the 16 year old's wages, the 16 year old should file in order to receive a refund.
where is your "Tax Bracket Calculator? and if I may why is this site so hard to use? How much would a 16 year old pay for taxes on $800 if her parents claim her as a dependent? depends on the year. in years past, if you didn't make more than 3000 in a calender year you wouldn't have to pay taxes on the money.
Yes...Even 1 second of life in the year qualifies. Congratulations.
Kids should not have to pay taxes as long as they are still under the car of an adult. If a teen has been emancipated, then they will be required to pay taxes.