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Does a 17 year old file a tax return?
Generally, they are claimed as a dependent and included with their parents. However, if that isn't the case, and they made income, they would need and want to. See the q; How much income do you have to earn before you file income tax
How much is the dependent exemption on New York state tax return?
1,000
How much money can you earn without filing a tax return?
17000
How much credit you get for having 1 dependent for taxes?
You will NOT know how much credit you will receive for 1 dependent until your 1040 federal income tax return is completed correctly and completely.
How much income do you have to earn before you file income tax return as a student?
$10,000
How much can a dependent earn before no longer being claimed as a dependent?
Generally if the dependent has gross income of $3,950 or more for 2014, they cannot be claimed as a dependent.
Does a 17 year old file a tax return?
Generally, they are claimed as a dependent and included with their parents. However, if that isn't the case, and they made income, they would need and want to. See the q; How much income do you have to earn before you file income tax
How much for each dependent claimed on w-2?
Each qualified dependent on your tax return can reduce your tax by as much as $3900 per person. Dependents can include parents, boyfriends or girlfriends or anyone your are supporting, not just children.
How much a physiotherapist earn in India?
How much a physiotherapist can earn in India is highly dependent upon location, experience and qualifications. The average salary for this position is R 150,749.
How much is the dependent exemption on New York state tax return?
1,000
How much money can you earn without filing a tax return?
17000
How much does a storyboard artist earn in the UK?
How much a storyboard artist can earn in the UK is dependent upon the company, location and how much of a demand there is for such work. The starting salary is between 15,000 and 20,000 GBP which can double with experience.
How much credit you get for having 1 dependent for taxes?
You will NOT know how much credit you will receive for 1 dependent until your 1040 federal income tax return is completed correctly and completely.
How much income do you have to earn before you file income tax return as a student?
$10,000
How much money does a police officer earn in dominican?
How much money a police officer can earn in the Dominican Republic is dependent upon experience and ranking. The salary could be between 8,000 and 80,000 RDS.
How much income can you earn while on Illinois unemployment and still receive benefits?
You need to contact the Department of Employment Security directly for details. How much you can earn, if anything, depends on your dependent status and other factors.
Do you have to claim income a dependent made?
Not on your income tax return. But the dependent may want to file the dependents own income tax return claiming the dependents income on it.The dependent cannot claim the dependent own exemption on the dependent own income tax return and will have to make sure that the dependent indicates on the dependent income tax return that the dependent is eligible to be claimed as a dependent on another taxpayers income tax return.Go to www.irs.gov and use the search box for Publication 17 (2009), Your Federal Income Tax for Individualshttp://www.irs.gov/publications/p17/index.htmlGo to chapter 3 Exemption thenYour Own ExemptionYou can take one exemption for yourself unless you can be claimed as a dependent by another taxpayer. If another taxpayer is entitled to claim you as a dependent, you cannot take an exemption for yourself even if the other taxpayer does not actually claim you as a dependent.Then Exemptions for DependentsDependent not allowed a personal exemption. If you can claim an exemption for your dependent, the dependent cannot claim his or her own personal exemption on his or her own tax return. This is true even if you do not claim the dependent's exemption on your return or if the exemption will be reduced under the phaseout rule described under Phaseout of Exemptions, later.I believe the above is only partly correct as to what your really asking.For example, if you have a child that has income (by employment, by inherritance, etc), even though you may list them as a dependent, that persons income is TAXABLE at your rate. (In other words, because the adult has reasonable income and pays tax at say 25%, if he shifts income to, or his child has income of an amount that presumably would be taxed much less (tax on 10K annually being virtually 0 %), essentially that income must be included as yours to get taxed at the higher rate.See the many publications on "Kiddie Tax".
