i have earned 80000 this year from short term capital gains i.e, from shares and i am a student and i dont have any other source of income so please tell me weather i will have to pay any tax or ...
I recently started a small online business as a writer/editor, and I have a client overseas who wants me to take over his company's copywriting duties. I've done one project for him and was ...
I'm considering entering an online sweepstakes, but I need to know if it is possible for me to be taxed for the item. If it helps, I am 15. Any answers about this will be greatly appreciated. ...
well i'm hired in as a fulltime employee for toledo hospital in toledo ohio and i gross the same thing for over a year but my net pay has been different for the last 6 months each time i get ...
I plan to move to Portland, OR this fall and I would like to know more about the income tax rate. I live in Alaska and we don't pay tax so Im a little confused about the process. Is there a city ...
I'm using turbo tax to do a my friend's 2009 return. Her husband died in 09. She received death benefit insurance, about $24,000.
I went through the whole turbo tax interview, and it ...
I'll try and be as specific as possible. I filed my tax return and got back $400. I am from Britain on a year working visa in Toronto. My net income was 23,709. Total tax deducted was 2,933. I ...
I filed a tax return on behalf of my deceased father in early April. The return was rejected on April 16th due to the fact that I had not provided sufficient proof that I was the legally appointed ...
there isn't an age limit but low income people who have no earned income may be below the limit. At 65 the standard deduction goes up and with personal exemptions someone with an income under about 1K a month won't owe taxes.
Most older people should have other income because if you saved in a 401K or bought a rental house or anything you get a some income.
Mom is 81 and pays more than I do on under 30K because her house is paid off so no itemized deductions.
Judy1
No age limit. The income limits depend on your filing status.
bostonianinmo
Age: The year AFTER you die.
Income: Below the filing requirement amount for your filing status. For example, $8,750 in wages subject to withholding for a single taxpayer under age 65 not a dependent for 2007.
U Can't handle the truth
NO age requirements are involved and the ones concerning income are if you are under the reporting levels...........
BearsGoBears
u are always gonna pay taxes. low income people at times end up not paying anything.
MOE
you don't stop paying taxes as long as you earn an income. even after retirement, you are still expected to pay tax on returns on your investment or if you own a company that still trades.
if your income is below the bottom income threshold or in some countries, you are a student working no more than 16 hours weekly, then you can get an exemption.
Shining217
Until you are dead...and even then they'll find a way to get your money.
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