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what is the minimum amount of income that is required to file Alabama state income tax if I am over 65

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11y ago

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What age are you exempt from filing Income Tax?

You are not exempt from filing for Income taxes based on age. You are exempt from filing taxes based on the income you receive. If your income is over a certain amount you must file.


What do you have to pay in taxes for 8000 dollars?

For income tax, this depends on your age and filing status. For most taxpayers, the minimum amount on which you must pay tax is over $8,000, so most people would pay no tax. The only exception is if you are married and filing separately.


How can I correct an over contribution to my Roth IRA?

To correct an over contribution to your Roth IRA, you can withdraw the excess amount before the tax filing deadline for the year in which the contribution was made. This will help you avoid penalties and taxes on the excess amount.


Does age matter when filing income taxes?

No...except that over 65 get a double deduction.


What is the minimum dollar over which a common lawsuit can be filed?

$20.00 is the minimum dollar amount over which a common lawsuit can be filled.


What is the minimum yearly income on which you have to file taxes in Oklahoma?

You have to have gross wages over $3,000.00 annually


When do you start paying federal and state income taxes?

When you make over the standard deduction, which is $12,400 for a person filing single.


Is it true a person cannot contribute to their ROTH IRA if they make over a certain amount per year?

Yes, $114,000 for single filing and $166,000 for joint filing.


What term represents the amount of money the government is spending over what if is receiving in taxes?

deficit


What were active citizens in 1791?

Men over 25 who paid a certain amount of taxes.


This term represents the amount of money the government is spending over what it is receiving in taxes.?

deficit


What term represents the amount of money the government is spending over what it is receiving in taxes.?

deficit