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What else can I help you with?
If child lives with higher income parent who claims on taxes every year?
The parent who is considered the custodial parent.
You live in Oklahoma and will be working in California for a while do you have to pay California state income taxes and Oklahoma taxes also?
Yes this can happen you will have to file your resident state income tax return and your nonresident state income tax return.
How does a working 16 year old do taxes?
A working 16-year-old must file taxes if they earn above the minimum income threshold set by the IRS, which is $13,850 for 2023. They should collect their W-2 forms from employers, which detail their earnings and taxes withheld. Using tax software or IRS forms, they can fill out a tax return, typically Form 1040, and claim any applicable deductions or credits. It’s often beneficial to consult a parent or guardian for guidance through the process.
What are the benefits are doing your taxes online?
Several advantages of filing your taxes online include better organization of records, quicker and larger returns, higher accuracy, and they return to file faster.
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.
If child lives with higher income parent who claims on taxes every year?
The parent who is considered the custodial parent.
Do kid models pay taxes if with an agency?
Yes. A child's income is taxable and a parent must file a return if it exceeds a certain amount. A parent can include the income on their return or file a separate return.
What if custodial parent won't abide by court taxes and visitation?
Return to court for an order of contempt. The court can sanction the offending party.
You live in Oklahoma and will be working in California for a while do you have to pay California state income taxes and Oklahoma taxes also?
Yes this can happen you will have to file your resident state income tax return and your nonresident state income tax return.
What are the benefits are doing your taxes online?
Several advantages of filing your taxes online include better organization of records, quicker and larger returns, higher accuracy, and they return to file faster.
Can my mom claim my kids on her taxes if she is on social security and working?
if she is supporting the children, their guardian or foster parent she can claim them. She pays taxes on her income and the children are part of deductions. This is something you need to discuss with her and a tax expert.
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 I have to file taxes for a dead parent who owes taxes?
Yes, you may need to file a final tax return for your deceased parent if they had income during the year of their death and owed taxes. This return should cover the period from January 1 until the date of death. Additionally, if there are any outstanding tax liabilities, the estate may be responsible for settling those debts. It's advisable to consult a tax professional or an estate attorney to guide you through the process and ensure compliance with tax regulations.
Would I need a tax return estimator when I have my taxes done?
You do not need a tax return estimator when you have your taxes done. You need to have it before you get the taxes done so you will know what the taxes will be when you have to pay them.
Can you deduct property taxes in California on your tax return?
Yes, you can deduct property taxes in California on your tax return.
Taxes Obama compared with McCain?
Higher, higher taxes for richer people, lower taxes for poor people.
What taxes are higher corporate or income taxes?
income taxes
