0
No. A student has no particular importance to your taxability. It is like any other profession. Taxability is based on taxable income.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Are tax exempt employee benefits more of an advantage than a tax deferred benefit?
Exempt benefits are better...as exempt means not taxable. Deferred means not taxable now..but will be at some time.
Not tax exempt do i tax this?
Not tax exempt would mean that it is subject to taxes. Yes you would tax any thing that is not exempt from taxes in your business operation.
Is insulation tax exempt?
NO. Insulation material is not exempt from income tax.
Does a full time student who is dependent of parents need to file a state tax return?
Yes, if he is over 18.
Is a LC small business tax exempt?
LC business be TAX EXEMPT NO NOT POSSIBLE FOR ANY TYPE OF LC BUSINESS TO BE TAX EXEMPT.
Is a full time student tax exempt?
Full time students are not exempt from filing Income Taxes. The amount of income earned for the year is what determines having to file a tax return.
Do you file for taxes if you are a full-time student dependent on student loans?
Yes it is possible that as a full time student you would be required to file a 1040 federal income tax return
You are a full time student can you get back what you paid into fica on your tax return?
No. Your 'occupation' is unimportant.
Are tax exempt employee benefits more of an advantage than a tax deferred benefit?
Exempt benefits are better...as exempt means not taxable. Deferred means not taxable now..but will be at some time.
Not tax exempt do i tax this?
Not tax exempt would mean that it is subject to taxes. Yes you would tax any thing that is not exempt from taxes in your business operation.
Is insulation tax exempt?
NO. Insulation material is not exempt from income tax.
Does a full time student who is dependent of parents need to file a state tax return?
Yes, if he is over 18.
Is a LC small business tax exempt?
LC business be TAX EXEMPT NO NOT POSSIBLE FOR ANY TYPE OF LC BUSINESS TO BE TAX EXEMPT.
Can you get child tax credit for full time student?
Generally, no. You can only claim the Child Tax Credit for a dependent who is under the age of 17 (on December 31 of the tax year in question). You can still take a standard exemption for a dependent who is a full time student as long as they are under the age of 24 and meet the other requirements to be claimed as a dependent.
What are tax breaks for full-time students with full-time and part-time jobs?
There is no separate tax break just because you are a full time student as far as income earned at a job. There are several tax credits and deductions for education expenses paid toward your education. You must meet the requirements for the credits in order to get the credits but you are probably entitled to them.
When were tax-exempt MMMFs created?
Tax-exempt MMMFs debuted in 1979
Can you get back on your tax returns what you paid into fica if am a full time student?
No...why should you? A student would & should basically pay the same tax as anyone else for the income they make. You will receive the same, or more benefit.
