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A child that has only earned income of less than $5350 for 2008 does not have a filing requirement nor do you have to report his or her income on your tax return and you can still claim him or her as a dependant. If, however, your child has other sources of "unearned" income (such as interest on a savings account, dividends, etc.) then the child may have a filing requirement. To figure out if the child with earned and unearned income has a filing requirement follow these steps: # Add $300 to the child's earned income. _______ # Minimum amount. _$850__ # Compare both amounts and enter the larger amount. _______ # Maximum Amount. _$5350_ # Compare lines 3 and 4 and enter the smaller amount. _______ # Enter the child's combined income (earned & unearned)_______ # If line 6 is more than 5 then there is a filing requirement. Hope this helps. www.irs101.blogspot.com
What else can I help you with?
In Texas can a custodial parent still file the child for income tax if the child has been living with non custodial parent for more than six months?
no
In Louisiana what are the rights of the domiciliary parent?
after becoming the domiciliary parent may i become the payee for social security income that my minor child receive
Can the non custodail parent pay less if the custodial parent remarries?
Probably not, unless there is an additional change in circumstance. Child support is generally based on a formula that takes into account things like income (or income earning potential), health insurance, child care and other expenses. The income of the new spouse is not one of the factors in this calculation. However, support of another minor child is, so if the custodial parent has another child in that marriage, that may affect the calculation. You'll need to check the laws in your state but in most states the spouse's income is not factored in unless the custodial/non custodial parent is living solely off of his/her spouse's income.
In the state of Indiana how much does a parent have to pay when a child is sent to juvinile detention centers?
In general, child support is a percentage of net income.
If custodial parent get social security disabilty will she get more in child support?
Probably not - in general, child support is a percentage of the obligor's net income.
Where to enter child's w2 income?
On the child's Form 1040, 1040A, or 1040EZ. A separate tax return must be filed by the child (or for the child if the child is too young). A parent cannot report a child's W-2 income on the parent's tax return. The only time a parent can report a child's income on the parent's return is if the kiddie tax applies and the child's only source of income is interest and dividends.
Which is the smart choice when you realize that the parent of the child you're babysitting might be intoxicated and she is ready to drive you home?
Suggest that you call your parent to come pick you up.
Which parent gets to claim the child on income taxes?
Either
If child lives with higher income parent who claims on taxes every year?
The parent who is considered the custodial parent.
What is the earning threshold for a child to pay taxes?
The child's income is essentially considered the income of the parent...so it is taxed at their rate, and presumably they have enough income to be taxed.
Is your new spouse's income used to calculate child support if you have children together also in nc?
The basic child support obligation is determined using a schedule, based on the parents' gross income. Gross income means a parent's actual income from any source, except benefits received from public assistance programs. Except as otherwise provided, income does not include the income of a person who isn't the child's parent, regardless of whether that person is married to or lives with the child's parent.
Can a parent of a minor child who is receiving social securiy disability benefits still work?
Yes, a parent of a minor child who is receiving Social Security Disability benefits can still work. However, the parent's income may affect the child's eligibility for benefits, particularly if the parent is receiving Supplemental Security Income (SSI) for the child. It's important for the parent to be aware of the income limits and reporting requirements associated with these benefits to ensure compliance with Social Security regulations.
If your 14 year old works and the parent is on disability does it affect the parents disability if they have to claim the child's taxes?
The income that the 14 year child earns is the child's income and would not be reported as income on the parents income tax return.
Can new spouse income affect child support?
Not normally. The existence of a step-parent doesn't affect the responsibilities of the parent providing child support.
In Texas can a custodial parent still file the child for income tax if the child has been living with non custodial parent for more than six months?
no
Does back child support go to the overaged child or to the parent?
The custodial parent, it is assumed that he or she supported the child with their income. If however a state agency was involved in the support of the child that agency would receive the arrearages.
California babysitting age?
The general age is 12. Anyone can babysit a parent's child from a family member to someone they hired who could be a teenager.
