If a 14 year old child works babysitting afterschool and is paid cash 1500 or less per year does he have to file taxes does his parent have to claim his income on their taxes?
A child that has only earned income of less than $5350 for 2008 does not have a filing requirement nor do you have to report his or her income on your tax return and you can still claim him or her as a dependant. If, however, your child has other sources of "unearned" income (such as interest on a savings account, dividends, etc.) then the child may have a filing requirement. To figure out if the child with earned and unearned income has a filing requirement follow these steps: # Add $300 to the child's earned income. _______ # Minimum amount. _$850__ # Compare both amounts and enter the larger amount. _______ # Maximum Amount. _$5350_ # Compare lines 3 and 4 and enter the smaller amount. _______ # Enter the child's combined income (earned & unearned)_______ # If line 6 is more than 5 then there is a filing requirement. Hope this helps. www.irs101.blogspot.com
That depends on the income of the parties, age of the child, state child support guidelines, which parent has physical custody, etc. That depends on the income of the parties, age of the child, state child support guidelines, which parent has physical custody, etc. That depends on the income of the parties, age of the child, state child support guidelines, which parent has physical custody, etc. That depends on the income of the parties, age…
If the noncustodial parent remarries can their new spouse's income be included for child support in Maryland?
That depends on the specific court order. Unusually, daycare is an extra item added to the order, based on the income levels of each parent. If they earn the same amount of money, then the obligated parent carries 50% of the cost, but unfortunately, you do not get 50% of the child care tax deduction. Note that if a so called independently employed babysitter is being used, the obligated parent will want a copy of…
well when the parent responsible for the child support has "no income" he should notify the child support court of his situation, they may modify the monthly payment assuming the parent can pay at least $50-60 per week or $200-240 monthly. if after this modification the parent still cant pay, the court may order the grandparents to pay the child support until the parent can pay.
If a parent has a disability and the child receives payment from the government and not the parent with the disability does the parent still owe child support on his disability income?
Probably not, unless there is an additional change in circumstance. Child support is generally based on a formula that takes into account things like income (or income earning potential), health insurance, child care and other expenses. The income of the new spouse is not one of the factors in this calculation. However, support of another minor child is, so if the custodial parent has another child in that marriage, that may affect the calculation. You'll…
If it was planned the parent would not be home all day, no. But if we are talking about babysitting for a few hours until they come home from work this should not be an issue. You should discuss the situation with your attorney. If the parent is not present during their scheduled visitations with the child then perhaps the visitation schedule should be modified.
On the child's Form 1040, 1040A, or 1040EZ. A separate tax return must be filed by the child (or for the child if the child is too young). A parent cannot report a child's W-2 income on the parent's tax return. The only time a parent can report a child's income on the parent's return is if the kiddie tax applies and the child's only source of income is interest and dividends.
Will a court order a custodial parent to pay a non-custodial parent child support if the custodial parents income is much higher than the non-custodial parents income?
If one parent makes a higher income than the other divorced parent does the child automatically go to the other?
If a custodial parent receives child support for the benefit of a minor child, and that minor child has a child themselves, they can receive child support for their child, however, as far as federal aid, they are required to disclose the child support the custodial parent receives for their benefit as income.
What would be the differences of tax refund for a single parent with 1 child to a married couple with no children?
It you have an income then yes. You want the best for your child. The Friend Of the Court can help you in this matter to get a fair child support amount. You need to gather your W-2 and other income and so does the other parent. Then they have a formula that will determine the amount usually 30% on the high side for the total income given.
No. Child support is paid by non custodial parent, not step parent. Income of a New Spouse: Contrary to common belief, Illinois law permits judges to consider the income of a second spouse when establishing or modifying child support awards. The door swings both ways, too. A custodial parent who remarries a well-to-do spouse may suffer a reduction in child support to be paid by the non-custodial parent.19 Likewise, a non-custodial parent who remarries a…
Can my husband's ex-wife take him back to court for more child support based on my income now that we are married?
Does the noncustodial parent have to pay child support if the custodial parent makes more money than the noncustodial parent?
The income difference between both parents are irrelevant when it is in reference to child support. There is, in most family courts, a calculation based on the total cost to raise a child. Most states can only take up to or about 10-20% of a persons income but that is just a baseline and other factors such as cost of living for the individual paying the child support can greatly affect the payout to the…