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How much money can a child make without having to pay income tax?
Wiki User
∙ 15y ago
it doesnt matter about age. If a child earns over £5000 a year then they still have to pay income tax regardless of age.
Wiki User
∙ 15y ago
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Can lawsuit money be garnished for back child support in nyc?
Yes, any form of income, other than needs-based income, can be garnished for back child support in New York. Money from a lawsuit or settlement is considered income.
Does your child need to file taxes for their Social Security money?
A child who is a dependent and earns income must file a return if they earned the specified amount of money as mentioned on the income tax form.
What constitutes income in a child support hearing?
All of the money you make. If you have a salary, if you own rental property, if you get dividends from stock - whatever money you receive is your income.
What do you mean by savings income?
I think what they mean is interest income earnt from having money saved in a savings account.
Can you deduct the amount of money you pay for child support from your earned income?
not for tax purposes
Can child support take your money to nothing if you disable?
Unless you are an SSI recipient, child support can take a percentage of your income.
Can Earned Income Credit money from income tax returns be taken to pay child support arrearages Or is the EIC money considered safe from garnishment?
NO earned income credit is not safe from garnishment. It is the same as taking money out of your paycheck, if you owe, they remove funds from your account.
Can money from a lawsuit be considered in child support?
Only if arrears exist, or it addresses loss of income.
Foster care income?
If you spend the money on the children in foster care, there is no income. It is meant to be spent like child support...... on the kids. If you get into foster care for the money then you are doing it for all the wrong reasons.
How much money do you in child support?
In general, child support is a percentage of net income. In Illinois, for example, it's 20% of net income for one child, 25% for two, etc. Income is almost anything, including overtime, unemployment benefits and workers compensation, but not welfare payments or SSI.
Can you take money out at the bank without having your card present?
In general, if you are trying to get money from a credit card, no, you will not be able to do so at your bank without having the card present.
Can your profit share check be taken for back child support?
Any money designated as taxable income is subject to garnishment for child support.
