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It depends on the source of the income (self-employment, wages, unreported tips, etc.), the total income for the year from all sources, and whether someone else (like their parents) can claim them as dependents.
See Tables 1, 2, and 3 on pages 2, 3, 4 of Publication 501 for the federal rules:
http://www.irs.gov/pub/irs-pdf/p501.pdf
State rules are different for every state. The minimum income can be much higher or much lower than the federal minimums. Refer to the instructions that come with your state tax forms or the web site of your state tax department for details.
What else can I help you with?
How much can a minor earn before paying taxes?
$1900.00
How much must earn before paying taxes?
100,000,000,000,000,000,000,000,000,000,000,000,000,
How much money can you earn working while collecting SS and avoid paying taxes you are 71 years of age?
for 2014 how much can i earn i am 63
How much can a widow earn before paying taxes?
A widow can earn up to the standard deduction amount before paying federal income taxes. For the tax year 2023, the standard deduction for a single filer is $13,850. However, if the widow qualifies as a head of household, the deduction increases to $20,800. It's essential to consider other factors, such as additional income sources or state tax regulations, which may affect the overall tax situation.
What is allowed for an independent contractor to earn before having to turn in a 1099?
How much money is one allowed to earn before they can turn in a 1099
How much can a minor earn before paying taxes?
$1900.00
How much must earn before paying taxes?
100,000,000,000,000,000,000,000,000,000,000,000,000,
How much can I earn from investments before paying tax?
The amount you can earn from investments before paying tax depends on the type of investment and your tax bracket. In general, you may be able to earn up to a certain threshold, such as 40,000 for long-term capital gains, before having to pay taxes on the earnings. It's important to consult with a tax professional for specific advice based on your individual situation.
How much money can you earn working while collecting SS and avoid paying taxes you are 71 years of age?
for 2014 how much can i earn i am 63
How much money did Victorian children earn?
Not very much!
How much does a children's doctor earn for a salary?
2,800
How money did Victorian children earn?
Not very much!
Would a masters degree in finance get me a much higher paying job?
In general, a masters degree will earn you a higher salary, regardless of what the degree is in. It is worth it to go back to get your masters. you will earn a higher paying job.
How much can a person earn before the employer has to report it?
Hi there,you can earn up to £5435 before you pay any tax.And for national insurance contributions you can earn £105 per week.Hope this is some help.
How much does a back up dancer earn?
The amount of money an back up dancer can earn depends on who is paying the dancer for their talent. There is not a set salary for expectation for the dancer.
How much do surgeons earn in Quebec?
Surgeons in Quebec make about 307,000 a year. There are the third lowest paying doctors.
How much can a widow earn before paying taxes?
A widow can earn up to the standard deduction amount before paying federal income taxes. For the tax year 2023, the standard deduction for a single filer is $13,850. However, if the widow qualifies as a head of household, the deduction increases to $20,800. It's essential to consider other factors, such as additional income sources or state tax regulations, which may affect the overall tax situation.
