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Gross income is the money that you make if u didnt pay taxes
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∙ 13y ago
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At what age do you stop paying income tax?
There is no age limit on paying income taxes. It is based on your income. http://taxresolutionaries.blogspot.com
What does income tax withheld mean?
Same thing as paying estimated taxes. Paying your income tax as you earn the income.
Do you have to file taxes if you are over 80?
Income taxes are not witheld based on age. It is based on Earned income.
Can you claim your son on your taxes if you didn't work this year?
Yes... for the earned income credit and such. It makes no difference for your income taxes really, as your not paying any.
What is true for museums public school and YMCAs?
they are exempt from paying income taxes
At what age do you stop paying income tax?
There is no age limit on paying income taxes. It is based on your income. http://taxresolutionaries.blogspot.com
What does income tax withheld mean?
Same thing as paying estimated taxes. Paying your income tax as you earn the income.
Do partnership have income tax laws?
Partnerships do have income tax laws that pertain to them. There is no way of getting out of paying income taxes. Consult a lawyer or accountant to make sure you are paying the correct amount in income taxes.
Do you have to file taxes if you are over 80?
Income taxes are not witheld based on age. It is based on Earned income.
How can you legally not pay taxes?
The only way to legally not pay taxes is to not have any income at all. If you have income and you try to avoid paying taxes, you could get into a lot of trouble.
How does obama feel about taxes?
Given what he has done, He feels that the high income earners are not paying enough taxes.
Who is the payee when paying New York state taxes?
Who is payy for personal NY State income taxes
Can you claim your son on your taxes if you didn't work this year?
Yes... for the earned income credit and such. It makes no difference for your income taxes really, as your not paying any.
Do seniors have to pay taxes on earned income at age eighty two years old?
Yes, seniors are still required to pay taxes on earned income at age eighty two years old. The tax rules do not exempt individuals from paying taxes based solely on their age. However, seniors may be eligible for certain tax credits or deductions based on their age and income level.
What age are you exempt from filing Income Tax?
You are not exempt from filing for Income taxes based on age. You are exempt from filing taxes based on the income you receive. If your income is over a certain amount you must file.
If you live in Florida but work in Illinois can you avoid paying Illinois state income taxes?
No because Illinois will want some state income taxes paid on the income that was earned in Illinois.
What is the difference between a consumer's disposable and discretionary income?
Disposable income is the money a consumer has left after paying taxes to use for necesities such as food housing, clothing, and transportation. Discretionary income is the money that remains after paying for taxes and necessities and is used for luxury items.
