Requirements to file taxes is not based on age but income. If your income is below a certain amount, you do not have to file.
yes
You may have to pay taxes if you are under 18 years of age. You are required to file taxes depending upon the amount of money that you bring in.
Where I live the executor of your estate will have to file your Federal taxes after you die.
Income taxes are not witheld based on age. It is based on Earned income.
Seniors typically do not stop filing taxes based on age alone. They must still file taxes if they meet certain income thresholds or have other specific tax filing requirements set by the IRS. It's recommended to consult with a tax professional or the IRS guidelines to determine if a senior needs to file taxes.
There is no such age. Even a newborn infant or a 100-year old senior citizen might need to file taxes.
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.
Taxes are not age-dependent. In general, if you make money, then you have to file taxes. In some cases parents are allowed to fold the income of their minor children into their own tax returns, but if you have income at all, then SOMEBODY has to pay taxes on it.
I'm 18 and i made only $3000 last year. I do not have to pay taxes. That i know for sure, so you're in the clear. I believe you don't need to file taxes unless you make $5700+ a year. Age is irrelevant.
Contact the bank and they will tell you what you need to do.
I work for the IRS, you will need to be at the age of 16.