answersLogoWhite

0


Best Answer

For 2009 tax-planning purposes, a child's allowable investment income amount goes up to $1,900, with the first $950 in earnings exempt but the next $950 taxed at the child's rate.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How much a minor have to make before filing a tax return?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

How much can you make without filing a tax return?

I get $12,000 per year social security. How much can i make at a job before i have to file a tax return


How much does a retired couple have to make before they have to file income tax?

how much income can you earn as a retired couple before filing a tax return


If filing taxes jointly do you both have to be present?

Yes that is the way that it should be done to make sure that the tax return is prepared correctly and each taxpayer signs the income tax return after it is completed correctly


How much a married couple has to make to pay taxes?

For the 2009 tax year a married couple filing a married filing joint income tax return both under the age of 65 filing a 1040 federal income tax return could have 18700 of adjusted gross income free of federal income tax after the 1040 federal income tax return is completed correctly and completely to the 1040 page 2 line 43 TAXABLE INCOME AMOUNT -0- ZERO.


What is the last day to file a tax return?

For Federal income tax for most people they are due on or before April 15, of the year following the reporting year. Some State returns have different deadlines. However, a 6 month extension of time to file is easily available. (But note that is an extension fo filing the complete return, NOT paying. Payments are due, through quarterly estimates or payroll withholding throughout the reporting year. An underpayment during this time can be made right with the filing of the return, or extension, on April 15. Failing to make adequate payments can also void the extension and subject someone to penalties and interest). An un-filed return is ALWAYS open to audit and assesment by the Government, as no statute of limitations even starts to run until one is filed. It may be filed at ANYTIME after the due date. An incorrect return may be corected by filing an amended return, anytime after the original filing...although the time to obtain a refund is limited.

Related questions

How much can you make without filing a tax return?

I get $12,000 per year social security. How much can i make at a job before i have to file a tax return


How much does a retired couple have to make before they have to file income tax?

how much income can you earn as a retired couple before filing a tax return


Does income count AFTER you file chapter 7?

A person's income does not count after filing chapter 7 bankruptcy. All that counts is what you had before filing bankruptcy.


What is the procedure of Annual Provident Fund Return filing?

There is no such thing as an Annual Provident Fund Return Filing in India Mr. Anand Vijaya Kumar, if you don't know anything about PF, then please don't make such type of idiot statement.


Should I take an income tax course before filing my taxes?

It is recommended that an income tax course before filing your own taxes. Tax filing errors can be expensive and you should make sure you know what you are doing before attempting to file your own taxes.


Can a person filing a lawsuit make false claims?

Well it has happened before, but it is not legal.


If filing taxes jointly do you both have to be present?

Yes that is the way that it should be done to make sure that the tax return is prepared correctly and each taxpayer signs the income tax return after it is completed correctly


What do you do if you missed filing your taxes on time?

Get started NOW and complete your income tax return correctly and make a copy of your completed income tax return for your self get the other copy to the correct IRS address and also your state income tax return.


How much debt can you have before filing for bankruptcy?

There's no maximum amount. If you can't make your payments you file bankruptcy.


How much a married couple has to make to pay taxes?

For the 2009 tax year a married couple filing a married filing joint income tax return both under the age of 65 filing a 1040 federal income tax return could have 18700 of adjusted gross income free of federal income tax after the 1040 federal income tax return is completed correctly and completely to the 1040 page 2 line 43 TAXABLE INCOME AMOUNT -0- ZERO.


How do you make minor edits on WikiAnswers?

Click on either 'Edit answer' on the blue side menu or the 'Improve Answer' button underneath the question. Make your minor adjustments then click on the 'Mark this as a minor edit' box to the right of the answer before you 'Save' the change.


What is the last day to file a tax return?

For Federal income tax for most people they are due on or before April 15, of the year following the reporting year. Some State returns have different deadlines. However, a 6 month extension of time to file is easily available. (But note that is an extension fo filing the complete return, NOT paying. Payments are due, through quarterly estimates or payroll withholding throughout the reporting year. An underpayment during this time can be made right with the filing of the return, or extension, on April 15. Failing to make adequate payments can also void the extension and subject someone to penalties and interest). An un-filed return is ALWAYS open to audit and assesment by the Government, as no statute of limitations even starts to run until one is filed. It may be filed at ANYTIME after the due date. An incorrect return may be corected by filing an amended return, anytime after the original filing...although the time to obtain a refund is limited.