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What is the tax rate once some has retired?
The tax rate for retirees varies depending on their income and the specific tax laws of their country or state. Generally, retirees may be subject to income tax on their retirement income, such as pensions and withdrawals from retirement accounts. Some countries or states may have special tax provisions for retirees, such as lower tax rates or exemptions for certain types of retirement income. It is recommended to consult a tax professional or review the tax laws applicable to your situation for accurate information.
Does va tax retirees pensions?
Yes, Virginia does tax retirement income, including pensions. However, there are certain deductions and exemptions available for retirees in Virginia, so it's essential to review the specific circumstances with a tax professional to determine the tax implications.
Do retirees fall into the same tax brackets as everyone else?
Yes, the tax brackets apply to everyone. However, depending upon the type of retirement account, they may not have to pay taxes on some of the money, as they have already paid taxes on it.
Do i have to file taxes if i am a disabled person over age 65?
Yes it is possible that you could meet the must file a income tax return requirement even when you are over age 65 and disabled. A self employed taxpayer would be required to file an income tax return if business operation had a net profit of 400 and pay the social security and Medicare taxes that would be due plus any income tax that may be due after adding the net profit to all other gross income on the 1040 tax form and the amounts would be subject to income tax at the marginal tax rates. A dependent on another taxpayer income tax return with unearned income interest, dividends, capital gains, rental income, taxable social security benefits, unemployment compensation, gambling winning and misc income, etc of more than 950 must file an income tax return and report all worldwide income on the 1040 tax return The must file an income tax return requirement for the year 2009 would be in the 2009 1040 instruction book starting on page 7 through 9 and the book is available at the enclosed web site. Go to the IRS gov web site and use the search box for 1040 and choose instruction Filing Requirements Do You Have To File
Is a person over seventy five years of age required to file Federal Income tax?
Yes.Age is not a factor in determining income tax filing requirements.However, many senior citizens fall below the filing requirements because of limited income. Some may actually get benefits by doing so and to receive any benefits that may be coming to them, it is better to file. Most senior centers have a free service available to file.
Where can you file your income tax for free?
You can file your income tax for free with a online tax preparation like turbo tax, they will look over it before they file to make sure everything is correct.
If you have 3 children but no income for over a year Can you still file for taxes?
Yes you could still file a 1040 federal income tax return but if you do not meet the MUST FILE A INCOME TAX RETURN and you do NOT have any income.
What is the tax rate once some has retired?
The tax rate for retirees varies depending on their income and the specific tax laws of their country or state. Generally, retirees may be subject to income tax on their retirement income, such as pensions and withdrawals from retirement accounts. Some countries or states may have special tax provisions for retirees, such as lower tax rates or exemptions for certain types of retirement income. It is recommended to consult a tax professional or review the tax laws applicable to your situation for accurate information.
Do you have to file an income tax return over the age of 80?
There is no age limit on the requirement to file and income tax return. As long as you have more income than the filing threshold, you will be required to file a return, no matter what your age.
What is the amount of yearly income befor you have to file income tax?
Just over $8000.00 for a single.
Can a dependent file own tax return if claimed on parents' tax return?
Yes. The IRS has income guidelines for determining whether dependents are required to file tax returns. Generally, for 2008 income, dependents are required to file if single under 65 with earned income of over $5,450 ($5,700 for 2009) or if married under 65 with earned income of over $6,800 ($7,100 for 2008). Even if your income is below the level requiring you to file, you should file if income tax was withheld from your earnings in order to receive a refund of that tax.
Over how much taxable income must I have to file a tax return?
How much must I make in taxable income to have to file a return?
Who can file Mississippi tax lien?
The town or county can file a property tax lien. The state can file a state income tax lien.The town or county can file a property tax lien. The state can file a state income tax lien.The town or county can file a property tax lien. The state can file a state income tax lien.The town or county can file a property tax lien. The state can file a state income tax lien.
Can you file income particle income tax?
Can you file a partical income tax and how many years you have too apply
Do you get fit back when you file taxes yes or no?
fit or (FIT) Federal income tax withheld if your income tax is completed correctly when it is file and IF you had an over payment of federal income tax on your 1040 income tax return then you would receive a refund of the over paid amount. You cannot expect to get a YES or NO answer to this question with the information that you have enclosed above.
In bankructy can you still file income tax?
In bankrupcty you MUST still file income tax
How soon can you file your 2011 income tax?
Now since 2011 is over.
