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What else can I help you with?
Do minors have to pay income taxes?
Yes.
Do minors pay taxes in stock market?
Minors are subject to all of the same taxes as adults. The minor may also be subject to a special "kiddie tax" on investment income.
Do you withhold federal taxes for minors?
All taxes should be withheld on earned wages. If a minor has less than the standard deduction in UNEARNED income then they will not pay any Federal Tax... the state and local taxes depend on the state and locality.
If 2 minors get married and live with parents do the parents claim them as dependents on their taxes?
yes because they are minors
Income tax in New York State for minors?
Minors are subject to both state and federal income taxes just like adults.There are no age limits on income taxes.
What is minimum age to pay taxes?
There is no minimum age. Theoretically, a new born infant might have to pay taxes. This could happen if, for example, a doting grandmother gives the infant some property in a Uniform Gift to Minors Act (UGMA) account and the property generates income (interest, dividends, rents, etc.). Certainly, if you are old enough to earn money, you are old enough to pay taxes on it.
Does the estate pay taxes?
Estates pay taxes on income and may have to pay inheritance taxes.
Do state police pay taxes?
Yes, they pay taxes. If you work you pay taxes no exceptions.
What is his gross pay?
the pay before taxes net pay is after taxes
How did Sioux pay taxes?
They didn’t pay taxes.
Can a parent use their minor child's tax return to pay the parent's taxes?
If you mean can they use the child's tax REFUND to pay their taxes, sure. Money is money. If you mean do they have the right to take the child's money and use it on themselves, that's trickier. You'd have to look at the laws regarding the rights of minors in your state.
Do police officers have to pay taxes?
Yes. They pay income taxes and property taxes and sales taxes.
