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What is the minimum yearly income needed to pay income taxes for a college student in Florida?
Wiki User
∙ 15y ago
== == The Q specifies Florida. Florida doesn't really have an income tax, but of course, the Fed does!
Taxable income and what you may make as income are 2 different things. Generally, your taxable income is lower than your gross (or the amount you probably think you make). The limits and thresholds that you want to know depend upon many other factors...your marital status, your age, number of children or dependents, certain other expenses, etc...so there is no hard and fast answer.
More importantly, how much you need to make before you must pay is different than how much you need to make before you have to file. frequently, if you don't make enough to have to pay taxes, you make enough to have to file, and by doing so YOU GET MONEY BACK. Whether it be money withheld from your pay, or as things that the government gives you....like earned income credits, child credit, or college education options for you, etc.
Follow the link provided or go to:
http://www.irs.gov/publications/p501/ar02.html#d0e490
Wiki User
∙ 15y ago
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Florida does not have an individual state income tax. They do have a corporate income tax.
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Can someone with bad credit get student loans?
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