where is your "Tax Bracket Calculator? and if I may why is this site so hard to use?
How much would a 16 year old pay for taxes on $800 if her parents claim her as a dependent?
depends on the year. in years past, if you didn't make more than 3000 in a calender year you wouldn't have to pay taxes on the money.
I would yes
fed tax 1/3 of your check with out a dependent ... the other half (state) would depend on what state you live in ...
As what, a dependent? Come on - I would say if it was a medically necessary item, like a seeing eye dog, etc. then maybe, but otherwise no.
Unlikely as they would usually be minors or disabled. You do need to prove that you provided more than 50% of their care and upkeep.
You should always file a tax return. If your children are dependent upon you, yes, you would claim them on your taxes. There are many free tax services available to assist you with your questions and in filing out forms.
I would yes
No, if both spouses were claimed as dependents on their parents' taxes, they would not be able to file jointly as married. They would likely not qualify as dependents on their parents' taxes anymore once they are married and establishing their own household.
fed tax 1/3 of your check with out a dependent ... the other half (state) would depend on what state you live in ...
Usually that would be no unless you provided more than half of her support for the year you are filing taxes
As what, a dependent? Come on - I would say if it was a medically necessary item, like a seeing eye dog, etc. then maybe, but otherwise no.
If he was responsible for over 50% of the cost of the child, he can claim the child as a dependent. That would mean that no one else was entitled to claim the child, including the father and mother.
No
Unlikely as they would usually be minors or disabled. You do need to prove that you provided more than 50% of their care and upkeep.
You should always file a tax return. If your children are dependent upon you, yes, you would claim them on your taxes. There are many free tax services available to assist you with your questions and in filing out forms.
The child would have to have their tax return amended and repay any money that they should not have got. If the parents also filed incorrectly, theirs would have to be amended as well.
Unfortunately no. You would have to had worked in the year 2008 to file taxes. In order to claim your children you would have to work and file taxes.
All of the rules for you and the child have to be met that would allow you to be able to claim an individual as a qualifying child (QC) dependent on your income tax form. For all of the rules go to the IRS gov web site and use the search box for PUBLICATION 17 go to chapter 3. Personal Exemptions and Dependents Qualifying Child There are six tests that must be met for a child to be your qualifying child. The six tests are 1 Relationship 2 Age 3 Residency 4 Support 5 Joint return, and 6 Special test for qualifying child of more than one person. These tests are explained next. Table 3-1 Overview of the Rules for Claiming an Exemption for a Dependent