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It depends from country to country.
I think in the United States it is 18 as long as you own something. Such as a house. Actually, in the US there is absolutely no age limit, high or low! It is all based on income. However, how one can file, alone, with a spouse or when a dependent child with their parents changes.
What else can I help you with?
Is it a legal requirement to pay income tax?
Yes, it is a legal requirement to pay income tax in most countries, including the United States. Failure to pay income tax can result in penalties and legal consequences.
Do you have to pay taxes after age 70?
SURE YOU DO. You can be over 100 years of age and could still meet the requirements of having to file an income tax return. Age does not have anything to do with the requirement to have to file an income tax return.
Do you have to continue to pay taxes on your earning if you retire at age 62?
Yes you do as long as you are still breathing and receiving any kind of worldwide gross income and meet the must file a income tax return requirement you will have to file a 1040 tax form and pay any income tax that may be be due on your taxable income each year. Age is NOT one of the requirement of when someone must file a tax return.
At what age do they not take tax's from lottery winnings?
Any age when you meet the requirement of must file a income tax return. A dependent on another individuals income tax return would be required to file a federal income tax return and pay some federal income tax if unearned income gambling winnings, interest, rent. capital gains, etc of 950 or more of income reported on the 1040 income tax return.
Does the elderly pay Medicare tax?
If you mean the tax that is deducted from wages and self-employment income, then yes. There is no age limit on the tax. There is no special tax on the elderly that everyone else doesn't pay.
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.
Do you have to file an income tax return over the age of 80?
There is no age limit on the requirement to file and income tax return. As long as you have more income than the filing threshold, you will be required to file a return, no matter what your age.
Who is the child who paid tax at the age of 12?
Children at the age of 12 do not have to pay taxes. The parents of the child is the one who has to pay taxes.
If you are over 80 do you have to pay income taxes?
You can be over 100 years of age and could still meet the requirements of having to file an income tax return. Age does not have anything to do with the requirement to have to file an income tax return.
What age do you stop paying taxes and still work?
You can be over 100 years of age and could still meet the requirements of having to file an income tax return. Age does not have anything to do with the requirement to have to file an income tax return.
Do we pay federal income tax after age 72?
Yes
How much money can a child make without having to pay income tax?
it doesnt matter about age. If a child earns over £5000 a year then they still have to pay income tax regardless of age.
