Asked in Capital Gain
What is the age to qualify for capital gains exemption?
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Asked in Taxes and Tax Preparation, Income Taxes
Is there an additional exemption if my husband is over 65 years of age and we are filing a joint return?
On your US Federal tax return, if you file a joint return, you will each receive one personal exemption. You will not receive an additional exemption for being over 65. However, your standard deduction will be increased and you may qualify for the Credit for the Elderly or Disabled, see Schedule R. Some states allow an extra exemption on your state income tax return. That will depend on your state laws.
Asked in Income Taxes
How much money should you get if you give your baby as dependent to another person to file taxes?
How old do you have to be to not take a citezenship test?
Asked in Student Loans and Financial Aid
I did not qualify for a pell grant, I am a widow and back in school at age 56 due to the economy?
Asked in Taxes and Tax Preparation
Do you have to pay taxes on the sale of your home if you are over 55 years of age?
There are no special rules for home sales for people over 55. There used to be various special rules for seniors who sold their houses and for ordinary people who sold their houses and bought new houses. They were all repealed in 1997 and replaced with a single exemption for everyone of any age: If the house you sold was your main home for two of the five previous years and you owned the house for two of the previous five years, the first $250,000 of profits (capital gains) is exempt from tax. If you file jointly and the house was also the main home of your spouse for two of the previous five years, the exemption increases from $250,000 to $500,000. A reduced exemption may be available if you lived in and owned the house for a shorter period of time but were forced to move due to circumstance beyond your control. There is a two year waiting period after you claim the exemption before you can claim it again. You do not have to be any special age and you do not have to buy a new house. You can do anything you want with the proceeds of the sale.
Can a child outside of marriage receive social security death benefits?
If they qualify for benefits age-wise they are entitled to collect as long as they can prove paternity. If they qualify for benefits age-wise they are entitled to collect as long as they can prove paternity. If they qualify for benefits age-wise they are entitled to collect as long as they can prove paternity. If they qualify for benefits age-wise they are entitled to collect as long as they can prove paternity.
Asked in Retirement Planning, Social Security
Will dividends and capital gains affect social security payments?
In general, the size of our Social Security retirement checks will depend on your lifetime earnings record and the age that you begin collecting your benefits. If you start collecting payments prior to reaching your Full Retirement Age (FRA) which for the most part is 66 or 67, depending on your year of birth, the amount of any work earnings beyond a certain threshold ($15,480 in 2014) will lead to a reduction in your benefit amount. However, Social Security's definition of earnings counts amounts you earn from working as an employee or net income from your self-employment, but not dividends and/or capital gains from your investments. So in a nutshell, dividends and capital gains do not affect your Social Security payments.
Asked in Ancient Egypt
What was the capital of Egypt during the middle age?
Asked in Insurance
What is the minimum age you have to be to qualify for bluecross insurance?
Asked in Cattle Reproduction
What age does a young bovine need to be to qualify as a calf?
Asked in Children and the Law, Criminal Law
What is the minimum age for capital punishments in Texas?
Asked in Olympics Track and Field
How old do you have to be to be in the track and field for the Olympics?
Asked in Insurance
Do you have to be a certain age to qualify for anthem Blue Cross Blue Shield insurance?
Is 17 and a half legal consenting age in wisconsin?
Asked in Elections and Voting, Indian Parliament
What is the minimum age to qualify election for the Lok Sabha?
Asked in US Presidents
What age do you have to be to become the president of the US.?
Asked in Keogh and Pension Plans, Unemployment
Can you collect unemployment and then apply for old age pension?
Asked in Rules of the Road
Are you allow to apply for a learner's license at the age of 14?
What is the legal age for a child in the state of ma?
Legal age for what? The age of consent is 16. With parental permission you may drive at 16, if you qualify. You may join the military with parental permission at 17, if you qualify. You may vote at the age of 18. You may represent Maine in Congress at the age of 25. You may run for President at the age of 35. You may cease to pay property taxes at the age of 100. Hopefully, your answer is in there.