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What else can I help you with?
At what age do you stop paying income tax?
There is no age limit on paying income taxes. It is based on your income. http://taxresolutionaries.blogspot.com
What does income tax withheld mean?
Same thing as paying estimated taxes. Paying your income tax as you earn the income.
Do you have to file taxes if you are over 80?
Income taxes are not witheld based on age. It is based on Earned income.
Can you claim your son on your taxes if you didn't work this year?
Yes... for the earned income credit and such. It makes no difference for your income taxes really, as your not paying any.
What is true for museums public school and YMCAs?
they are exempt from paying income taxes
At what age do you stop paying income tax?
There is no age limit on paying income taxes. It is based on your income. http://taxresolutionaries.blogspot.com
What does income tax withheld mean?
Same thing as paying estimated taxes. Paying your income tax as you earn the income.
Do partnership have income tax laws?
Partnerships do have income tax laws that pertain to them. There is no way of getting out of paying income taxes. Consult a lawyer or accountant to make sure you are paying the correct amount in income taxes.
What determines what individuals should pay income taxes and how much they should pay?
Individuals are required to pay income taxes based on their earnings and other sources of income. The amount they pay is determined by their taxable income, which is calculated by subtracting deductions and credits from their total income. Tax rates are set by the government and vary based on income levels, with higher earners typically paying a higher percentage of their income in taxes.
What is the income threshold at which you are required to start paying taxes?
The income threshold at which you are required to start paying taxes varies depending on your filing status and age. For example, in 2021, single individuals under 65 years old must start paying taxes if their income is at least 12,550.
Do you have to file taxes if you are over 80?
Income taxes are not witheld based on age. It is based on Earned income.
How can you legally not pay taxes?
The only way to legally not pay taxes is to not have any income at all. If you have income and you try to avoid paying taxes, you could get into a lot of trouble.
How does obama feel about taxes?
Given what he has done, He feels that the high income earners are not paying enough taxes.
Who is the payee when paying New York state taxes?
Who is payy for personal NY State income taxes
Can you claim your son on your taxes if you didn't work this year?
Yes... for the earned income credit and such. It makes no difference for your income taxes really, as your not paying any.
Do seniors have to pay taxes on earned income at age eighty two years old?
Yes, seniors are still required to pay taxes on earned income at age eighty two years old. The tax rules do not exempt individuals from paying taxes based solely on their age. However, seniors may be eligible for certain tax credits or deductions based on their age and income level.
What is the difference between a consumer's disposable and discretionary income?
Disposable income is the money a consumer has left after paying taxes to use for necesities such as food housing, clothing, and transportation. Discretionary income is the money that remains after paying for taxes and necessities and is used for luxury items.
