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What else can I help you with?
An excess of income taxes expense over income taxes payable for a period is associated with?
a credit to deferred income taxes payable
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.
What Conservatives tend to favor over income taxes?
sales taxes
Can you claim eic if you do not claim income?
No. You must report income to receive the Earned Income Credit. You must file a tax return to receive the credit, even if you otherwise would not have to. Any amount of the credit over the amount of taxes you owe will be refunded to you.
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.
If you are over 80 do you have to pay income taxes?
You can be over 100 years of age and could still meet the requirements of having to file an income tax return. Age does not have anything to do with the requirement to have to file an income tax return.
What is take home pay also referred to as?
Net income. (income left over after taxes, etc. are taken out)
What is the minimum amount for filing taxes over 65?
what is the minimum amount of income that is required to file Alabama state income tax if I am over 65
Does someone under the age of eighteen and working have to pay to taxes?
Sure they would be required to file a 1040 federal income tax return and pay any income taxes that may be due. Under 950 of unearned income (did not work for income) would be required to file a 1040 federal income tax return and pay some income taxes on the amount over 950 of UNEARNED income.
Does age matter when filing income taxes?
No...except that over 65 get a double deduction.
Would your retired parents pay taxes on income less than 32000 for 2008?
Assuming they were both over 65, filed jointly, and took the standard deduction, they would most likely owe federal taxes if their joint income was over $20,000. There are situations where they could owe taxes even if their income was lower, for example, if some of their income was from self-employment or they had not taken the Required Minimum Distribution (RMD) on their traditional IRA or 401k. And many states have even lower thresholds for state income taxes.
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
