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Age is NOT one of the requirements of when a person MUST FILE A INCOME TAX RETURN. When you have the amount of taxable income for your filing status to meet the MUST FILE A INCOME TAX RETURN you can be any age as long as you are still breathing you will be required to file your 1040 income tax return correctly and pay the amount of income TAX that may be due on all of your gross taxable worldwide income.
A dependent on another taxpayer income tax return with unearned income interest, dividends, capital gains, rental income, taxable social security benefits, unemployment compensation, gambling winning and misc income, etc of more than 950 must file an income tax return and report all worldwide income on the 1040 tax return.
A self employed taxpayer would be required to file an income tax return if business operation had a net profit of 400 and pay the social security and Medicare taxes that would be due plus any income tax that may be due after adding the net profit to all other gross income on the 1040 tax form and the amounts would be subject to income tax at the taxpayer marginal tax rates.
The must file an income tax return requirement for the year 2009 would be in the 2009 1040 instruction book starting on page 7 through 9 and the book is available at the enclosed web site
Filing Requirements
Do You Have To File
Even if you do not have to file, here is a reason why you may want to file:
Federal Income Tax Withheld If you are not required to file, you should file to get money back if Federal Income Tax was withheld from your pay, you made estimated tax payments, or had a prior year overpayment applied to this year's tax.
July 30 2010
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∙ 13y ago
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Do you have to pay income tax on money earned while working after age 72?
Sure and you already know that you will have to do this. Age is NOT one of the requirements of when a person MUST FILE A INCOME TAX RETURN. When you have the amount of taxable income for your filing status to meet the MUST FILE A INCOME TAX RETURN you can be any age as long as you are still breathing you will be required to file your 1040 income tax return correctly and pay the amount of income TAX that may be due on all of your gross taxable worldwide income.
How old do you have to be to not file income tax?
Age is NOT one of the requirements of when you must file 1040 federal income tax return. As long as your are still breathing and have the required taxable income amounts you will be required to file a 1040 federal income tax return and pay any income taxes that may be due on the taxable amount of your income.
Does the church have to pay income taxes on tithes?
No- churches and other tax-exempt charities do not pay income tax on the donations they are given. Church employees have to pay income tax on their salaries and the church must collect with-holding tax on these salaries.
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.
How much do you have to make to file a federal tax return?
Generally, Single under age 65 must file when your gross income is at least $8,950 for 2008 ($9,350 for 2009). Married Filing Jointly under age 65 must file when your gross income is at least $17,900 ($18,700 for 2009). Married Filing Separately must file when your gross income is at least $3,500 ($3,650 for 2009). Head of Household under age 65 files when your income is at least $11,500 ($12,000 for 2009). Qualifying widow(er) under age 65 with dependent child files when your income is at least $14,400 ($15,050 for 2009). Dependents under age 65 must file if your earned income is over $5,450 for 2008 ($5,700 for 2009). Even if you're not required to file, you should file under certain circumstances. One, you're filing for a refund of withheld income tax because you owe no tax. Two, you're eligible for certain credits (earned income, making work pay, additional child tax credit, etc.).
Do you have to pay income tax on money earned while working after age 72?
Sure and you already know that you will have to do this. Age is NOT one of the requirements of when a person MUST FILE A INCOME TAX RETURN. When you have the amount of taxable income for your filing status to meet the MUST FILE A INCOME TAX RETURN you can be any age as long as you are still breathing you will be required to file your 1040 income tax return correctly and pay the amount of income TAX that may be due on all of your gross taxable worldwide income.
Do the wealthy pay income tax?
The wealthy do pay income tax, and since the wealthy have more income, they must pay more money in income tax.
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.
What is the maximum California state income tax?
No such thing..no maximum on how much money you can make, no max on how much tax you can pay
Do i have to pay taxes for doing private clients hair?
Yes. You must pay income tax on all earned income.
Do you pay taxes on SS Benefits at age 66 and working?
do i have to pay taxes on working income after age 66
What conclusion can you draw from the following two statements If you have a job then you have an income If you have an income then you must pay taxes?
If you have a job, then you must pay taxes. The classic p and q relationship.
Why must stockholders pay taxes on dividends?
corporations must pay taxes on their incomes, profit is a form of income, and a dividend is a portion of corporate profits paid out to stockholders, and stockholders must pay personal income tax on those dividends.
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.
When seventy years old do you still pay Taxes years old?
Yes, individuals are typically required to pay taxes at age 70 if they have income that is subject to taxation, such as from retirement savings, investments, or Social Security benefits. Age does not exempt someone from their tax obligations.
Do crow tribal members have to pay Montana income tax?
Members of the Crow tribe must pay the Montana state income tax.
Do we pay federal income tax after age 72?
Yes
