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What is the earned income for 80 year old before paying federal taxes?
Wiki User
∙ 12y ago
My mother died at age 89 she had a income of around $60,0000. a little less pensions social security ect. she had been paying quartley around 5to 6,000.00 total. That seems to me too much right or wrong concerned daughter
Wiki User
∙ 12y ago
The earned income for an 80-year-old before paying federal taxes would depend on their specific financial situation, such as employment status, sources of income, and deductions. Generally, earned income refers to wages, salaries, tips, and self-employment income. It is recommended to consult with a tax professional or refer to the IRS guidelines to determine the specific earned income and tax obligations for an individual in this age group.
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DO I have to file federal income tax after age 70?
My mom is 88 years old and is still paying outrages federal income taxes. I have always heard, that at age 70, you could earn as much as you want, without being taxed. She has a little farm, which pays her about 20,000 a year, and she has a very small pension, and a very small social security, since she is what they called a notch baby. Could you give me some information on how she should be taxed?
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0$. Section 61 of the IRS Code defines gross income as any accession to wealth. All money earned, in which a person is petter off than they were before, is considered taxable income.
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If you live in Florida but work in Illinois can you avoid paying Illinois state income taxes?
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