You probably aren't required to file a return. Generally, if you're Married Filing Jointly under age 65, you're not required to file a return if your gross income for 2009 is under $18,700. Although you're not required to file, you should file if you're eligible for certain credits, such as earned income or making work pay.
For the 2009 tax year a married couple filing a married filing joint income tax return both under the age of 65 filing a 1040 federal income tax return could have 18700 of adjusted gross income free of federal income tax after the 1040 federal income tax return is completed correctly and completely to the 1040 page 2 line 43 TAXABLE INCOME AMOUNT -0- ZERO.
You have to report this on your 2009 Return. You cannot decide which year you wish to report income. It must be filed on the return for the year in which it was withdrawn or in which income was earned.
You would have to know how much other gross worldwide income that you would receive during the year to help you determine the answer that you want and need. You are the only one that has all of the necessary information that will have to be reported on your 1040 FEDERAL income tax return for the year in order to do the calculation for the numbers that you are looking for. We can tell you that for the year 2009 married filing a joint income tax return and both under the age of 65 could have up to 18700 of income free of federal income.
Generally, dependents have to file a tax return when their income exceeds a certain amount for their age and filing status. Single or Married Filing Jointly under 65 must file when their earned income is over $5,450 for 2008 ($5,700 for 2009). Single dependent 65 and older has to file when their earned income is over $6,800 for 2008 ($7,100 for 2009). Married Filing Jointly 65 and older must file when their earned income is over $6,500 for 2008 ($6,800 for 2009). There are also filing requirements based on unearned income and gross income. There are also four other conditions which require a dependent to file a tax return, including having net earnings from self-employment of at least $400.00 and receiving advance earned income credit payments from your employer.
Yes as long he and you meet the qualifications for you claim him as your qualifying child dependent on your income tax return. He would have to file his own income tax return reporting his own income and he would not be able to claim himself for exemption amount on his own income tax return.
For the 2009 tax year a married couple filing a married filing joint income tax return both under the age of 65 filing a 1040 federal income tax return could have 18700 of adjusted gross income free of federal income tax after the 1040 federal income tax return is completed correctly and completely to the 1040 page 2 line 43 TAXABLE INCOME AMOUNT -0- ZERO.
You have to report this on your 2009 Return. You cannot decide which year you wish to report income. It must be filed on the return for the year in which it was withdrawn or in which income was earned.
By looking at her copy of the completed 2009 income tax return if it is available to you.
If you do not have any other income other than the 223 earned income and no federal income taxes were withheld and you are a dependent on another taxpayers income tax return you would not have any reason to file a income tax return for the tax year 2009.
January 18, 2010
You would have to know how much other gross worldwide income that you would receive during the year to help you determine the answer that you want and need. You are the only one that has all of the necessary information that will have to be reported on your 1040 FEDERAL income tax return for the year in order to do the calculation for the numbers that you are looking for. We can tell you that for the year 2009 married filing a joint income tax return and both under the age of 65 could have up to 18700 of income free of federal income.
Generally, dependents have to file a tax return when their income exceeds a certain amount for their age and filing status. Single or Married Filing Jointly under 65 must file when their earned income is over $5,450 for 2008 ($5,700 for 2009). Single dependent 65 and older has to file when their earned income is over $6,800 for 2008 ($7,100 for 2009). Married Filing Jointly 65 and older must file when their earned income is over $6,500 for 2008 ($6,800 for 2009). There are also filing requirements based on unearned income and gross income. There are also four other conditions which require a dependent to file a tax return, including having net earnings from self-employment of at least $400.00 and receiving advance earned income credit payments from your employer.
On your correctly filed income tax return 1040 page 1 where it says exemptions 1040 line 6d 1040A line 6d and 1040EZ you can only have 2 exemptions 1 for yourself and one for your spouse if married filing a joint income tax return.
If it was 2008 incoem received in 2008, then no... you should file an ammended return for 2008. If it was 2008 income received in 2009 then yes.
Yes as long he and you meet the qualifications for you claim him as your qualifying child dependent on your income tax return. He would have to file his own income tax return reporting his own income and he would not be able to claim himself for exemption amount on his own income tax return.
Married couple filing jointly both under the age of 65 not a dependent on another individual income tax return and no other gross worldwide income could have up to 18700 of interest income free of federal income tax for the tax year 2009.
No. You do NOT have any other worldwide taxable income to be reported on your 1040 income tax return and you only have the 10750 of SSB for the year you would not be required to file a 1040 income tax return for the tax year 2009.