0
What else can I help you with?
Can you still claim your 16 year old that is working full time on your taxes or do they claim themselves?
You generally can claim your minor children as dependents because they usually aren't providing more than half of their own support. When you look at support for a person, consider all expenses paid for them, such as housing, food, transportation, etc. Only if the minor child is providing more than half of their own support do you lose their exemption. Any money the child puts into a savings account does not go towards their own support and is basically taken out of the mix. See IRS Publication 501. Example: Julie is 17 and made $8,000 this year, mostly in the summer. She's saving most of her money and put $5,000 in a savings account. Julie has paid $3,000 towards her own support. As long as her parents have paid more than $3,000 towards her support, she is their dependent. If Julie didn't put any money in savings, then her parents would have to pay more than $8,000 towards her support to claim her as a dependent.
If im marry could i do your income tax sepertly?
If you get married you can file your taxes separately. You may lose or gain some tax advantages.
Can you lose your license over taxes?
Yes, you can lose your driver's license due to tax-related issues, particularly if you fail to pay taxes or do not comply with tax regulations. Some states may suspend your license if you have significant tax debts or if a tax lien is placed against you. It's important to stay compliant with tax obligations to avoid such consequences. Always consult a tax professional or legal advisor for personalized guidance.
What percentage of your income do you lose to taxes?
We own a small business and between federal, self employment, state, and local user taxes-40% That is only for the income taxation. Then we also have personal property taxes, sales tax, license fees, fees for inspections etc. There is also social security tax that is twice what you see on your check. The other half is supposedly a contribution by your employer.
How long does it take to lose your property without paying taxes?
The timeline for losing property due to unpaid taxes varies by jurisdiction, but generally, it can take several months to a few years. Most areas have a tax lien process, followed by a redemption period where the property owner can pay the owed taxes and reclaim their property. If taxes remain unpaid, the property may eventually be sold at a tax auction or forfeited to the government. It's essential to check local laws for specific timelines and procedures.
If you claim your girlfriend as a dependent and she gets food stamp benefits will she lose those benefits?
Yes
Can i make money by having someone claim me on my taxes?
No, in fact in most instances you would lose out on benefits
How much do you get taxed on 260 per week?
The amount of your taxes depends on the amount of exemptions that you claim. You will lose an average of around 40 dollars a week.
Why was it ironic that Daniel Shays would lose his farm for non payment of taxes?
Why was it ironic that Daniel Shays would lose his farm for non-payment of taxes
Do you lose your no claim bonus before the claim has been settled?
If the claim has been filed you will loose your discount at the next renewal.
If your land is taken for unpaid taxes do you also lose the mineral rights?
If the town takes your property for non-payment of property taxes then you lose all rights in the property unless you redeem the land by paying the delinquent taxes.
Why does US lower taxes if they are so much in debt?
higher taxes mean the corporations will go over seas where the taxes are lower, and then they will lose their tax base.
If your house is paid for will you lose it if you claim bankruptcy?
yes another answer: you can't lose your primary residence; also - homestead it.
Can you file a claim after you lose your job?
If the time frame has not expired, yes.
What is meant by unpaid claims?
When you claim for money but you lose you argument and get no money.
What is a tax office?
its a job that an officer goes around collecting taxes from everyone who ows taxes and if you do not pay the taxes you will lose your home and either go to jail or live on the streets!
Do you lose your home if you don't pay property taxes?
maybe. no one knows.
