Sure. The fact that you were incarcerated does not exempt you from filing income taxes and paying tax on your income. It does prevent you from claiming many of the tax credits such as Earned Income Credit, Child Tax Credit as you cannot claim that you supported your children or that they lived with you during this time.
NO. Pension income would NOT be a QUALIFIED EARNED INCOME for contributions to a IRA account.
Any earned income, including net earnings from self-employment, may qualify you for the Earned Income Credit. But you still have to meet the income limits and other requirements.
Yes. You have to pay taxes on both earned and unearned income. In tax language "earned income" means income from a job or self-employment. "Unearned income" is other income such as interest on your bank accounts or profits from investments. A sufficient amount of earned or unearned income requires you to file. Even if you do not have enough income to be required to file, you can still file. If you really want, you can even file if you have no income of any kind.
No unless you have earned income you can not receive a refund.
Yes it would be the same if you were working at age 100 and earned income from providing your services. You would still be required to pay the social security and medicare taxes on the earned income.
Yes this is possible as long as you meet the rules and have the necessary qualifying earned income for this purpose. Use the search box at www.irs.gov for EITC
Sure you do still pay your share of the FICA (social security and medicare) (OASDI) taxes on your earned income as long as you are providing your services to earn the income and are still breathing.
Yes, as a US Citizen you are taxed on your worldwide income. However, you may qualify to exclude a lot of that income from taxation using Form 2555 "Foreign Earned Income Exclusion". But you still must file.
For 2009 and 2010 ALL of your qualified gross earned income will be subject to the medicare insurance tax amount.
If you receive a commission it is counted towards your income. It would be used to calculate your benefits in the same way as a salary or hourly wage. It is still considered earned income and must be reported as such. $100 earned through commission is the same as $100 earned through an hourly wage or salary.
i got 2 children under the age of 16 and me and my girlfriend has unearned income can we still file? im on unemployment and she draws ssi
Check irs.gov. It probably depends on whether she is still a full time student and is your dependent.