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Inheritances are not taxed by the federal income tax.
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∙ 15y ago
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Do you have to claim money given to you on federal taxes?
No.
Do you have to claim alimony in federal taxes?
Yes. Basically, any money you receive for any reason should be reported somewhere on your taxes.
Can a person claim exempt of federal taxes for only one paycheck?
If you earn income or make money, you are required to pay federal taxes. It does not matter how many paychecks you receive.
Do I have to claim the advance of inheritance, that my father gave me, on my taxes?
It depends on how the money was transfered to you (as what?), how your father has his investments structured and how your taxes are filed. The best bet is to speak to an accountant or professional tax preparer for accurate advice.
Do you have to pay inherit taxes on money willed to you in NC?
If you inherit money willed to you in the state of North Carolina, you must pay taxes on the money. Inheritance taxes are more than regular employee taxes.
Do you have to claim inheritance money on taxes?
Inheritances are not taxed by the federal income tax.
Do you have to claim money given to you on federal taxes?
No.
Your husband is in prison can you claim him on your taxes?
Yes, you can still claim your husband as a dependent on your taxes if he meets the criteria for a qualifying relative. However, if he is serving time in prison, he may not meet the residency requirement for being considered a qualifying relative. It is recommended to consult with a tax professional for specific advice in this situation.
Do you have to claim alimony in federal taxes?
Yes. Basically, any money you receive for any reason should be reported somewhere on your taxes.
Can a person claim exempt of federal taxes for only one paycheck?
If you earn income or make money, you are required to pay federal taxes. It does not matter how many paychecks you receive.
Why are there no federal taxes taken from your paycheck?
There are two reasons you may have no federal taxes taken is if you claim exempt on your W4 or if you claim a higher amount of dependents.
Do I have to claim the advance of inheritance, that my father gave me, on my taxes?
It depends on how the money was transfered to you (as what?), how your father has his investments structured and how your taxes are filed. The best bet is to speak to an accountant or professional tax preparer for accurate advice.
If you have Life insurance and die and owe state taxes and federal taxes do they take there money first or is that debit wiped out?
Yes , because there is an inheritance tax ; check with a lawyer for more precise information .
If your child is 18 can you claim them on your taxes?
My child was in the Job Corps last year, can I still claim him on my federal income taxes as a dependant?
Do you have to pay inherit taxes on money willed to you in NC?
If you inherit money willed to you in the state of North Carolina, you must pay taxes on the money. Inheritance taxes are more than regular employee taxes.
What will you get back in taxes if you made 34000?
It depends on what they took out for federal taxes, and if your state takes out taxes, and what deductions you claim
Where does the federal govenment get its money?
Taxes. That is how
