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Age is not a factor. If you have income then it is taxed.
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∙ 15y ago
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No longer on Social Security but owe can your income tax be garnished?
Yes. If you owe the federal government money, the Department of the Treasury can withhold your income tax refund to satisfy the debt.
What happens when your taxable income falls in the lowest tax bracket?
It means that you will owe no income tax.
At what age does a person no longer have to pay federal income taxes?
No such thing...young or old...the tax is based on income and your age is irrelevant.
Do you have to pay income tax on taxable income if that was your only income?
Sure you do if you owe any amount after your income tax return is completely correctly.
What age does earned income credit stop?
A person no longer qualifies for the Earned Income Tax Credit after age 65. The minimum age requirement is 25.
If future income tax liability is deferred income tax?
If that is what the amount is that you may owe and that is what you want to call it YES it would be your deferred income tax amount.
Why income tax schedules are good or bad?
They are good because without them you couldn't figure out how much income tax you owe.
How much income tax owed on 23000 with 0 dependents?
how much income tax do i owe on $23,000 with 0 dependants
Do You pay state income tax if you live in Florida and work in Georgia?
Generally speaking, you owe income tax in both the state where you work and the state where you live. Since Florida does not have an income tax, you would owe tax in Georgia only. You would file a Georgia non-resident return.
If you work in Alabama but live in Florida do you have to pay Alabama income tax?
Generally speaking, you owe income tax in both the state where you work and the state where you live. Since Florida does not have an income tax, you would owe tax in Alabama only. You would file an Alabama non-resident return.
What is the deadline for filing taxes if you don't owe money?
As an individual taxpayer filing a 1040 federal income tax return and you do NOT have any income tax liability and OWE any income taxes on your correctly completed income tax return the final date to file would be October 15 2010.
Do income tax have to be paid to buy a house?
No but if you owe income tax and the income tax people claim that you owe them money they are in a position to sell the house you bought from under you to pay for the income tax you did not pay. other then that there are any number of charges levies and taxes associated with the purchase of a house. House buying is a real cash-cow for the government and the legal professionals.
