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Do you have to claim a state tax refund on your federal taxes as income?
Yes. State refund must be claimed as income on your federal return.
My girlfriend lives with me in my house and doesn't have an income and I supprt her!! Can I claim her for my taxes as a dependent?
No, sorry. You can only claim someone related to you as a dependent.
What is a federal tax allowance?
A federal tax allowance is an amount that taxpayers can subtract from their gross income to reduce the amount of income that is subject to federal income tax. This allowance is based on various factors such as filing status, number of dependents, and other deductions claimed. The total amount of allowances claimed on a tax return can affect the amount of tax withheld from paychecks throughout the year.
Does someone over 65 as a dependent have to file tax returns?
Yes this is very possible and if as a dependent you have unearned income of 950 or more of unearned income in the 2009 or 2010 tax year then you are REQUIRED to file a tax return and pay any federal income tax that will be due when you complete your 1040 federal income tax return correctly.
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".
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.
Can a parent be a legal dependent?
If you are responsible for more than 50% of their support, they are a dependent and can be claimed on your income tax as such.
Do you have to claim a state tax refund on your federal taxes as income?
Yes. State refund must be claimed as income on your federal return.
Who can be claimed as a dependent on a federal income tax return?
Officially: A person, other than the taxpayer or the taxpayer's spouse, for whom an exemption can be claimed. To be your dependent, a person must be your qualifying child or qualifying relative. For more information, see Exemptions for Dependents in Publication 501. And I'll try to post a link to the Publication
When applying for a student loan are you an independent since your grandmother claimed you on taxes?
If you were claimed by your grandmother on her income taxes that would classify you as a dependent.
When can you not be claimed as a dependent?
You cannot be claimed as a dependent if you provide more than half of your own financial support, are not a qualifying child of another taxpayer, and have a gross income above a certain threshold set by the IRS.
Why is federal withholding zero?
Federal withholding may be zero if an individual's income is below the minimum threshold for federal income tax or if they have claimed enough deductions and credits to offset their tax liability.
My girlfriend lives with me in my house and doesn't have an income and I supprt her!! Can I claim her for my taxes as a dependent?
No, sorry. You can only claim someone related to you as a dependent.
Can a college student that is claimed as a dependent on parents tax form get a refund?
Yes, a college student who is claimed as a dependent on their parents' tax return can still receive a refund if they have earned income and file their own tax return. If their income is below the taxable threshold or if they qualify for tax credits like the Earned Income Tax Credit, they may receive a refund even though they are a dependent. However, the dependent status affects their eligibility for certain tax credits.
What is the personal allowance on Federal Income tax?
may be claimed to exempt a portion of their earnings from withholding
How does being claimed as a dependent affect eligibility for food stamps?
Being claimed as a dependent can affect eligibility for food stamps because the income and resources of the person claiming you may be considered when determining your eligibility. This means that if the person claiming you has a higher income, it could impact your ability to qualify for food stamps.
What is a federal tax allowance?
A federal tax allowance is an amount that taxpayers can subtract from their gross income to reduce the amount of income that is subject to federal income tax. This allowance is based on various factors such as filing status, number of dependents, and other deductions claimed. The total amount of allowances claimed on a tax return can affect the amount of tax withheld from paychecks throughout the year.
