 Stimulus check question? |
| so i am 18, i filed a tax return and my parents did not receive the $300 in their check for me... will i receive my own? i checked at the irs.gov site to see if i am getting my check and if i do it ... |
|
 If you filled widow on your tax return...? |
Do you get anymore money on your tax rebate than just a single person?
Additional Details
Haha mojoeagle! I wouldn't be that stupid. Your comment makes me want to laugh(thinking of ... |
|
 Being paid once per month versus twice? |
| I've started with a new company and they pay only once per month. I just got paid for my first full month. Is it my imagination or is the total of taxes taken out more if a person gets paid ... |
|
 Can I include the value of recent repairs in my tax write off when donating an old car? |
| I would like to donate a very old and beaten up car. In addition to the Kelly Blue Book value for my car, I would like to claim the $700 in necessary repairs I recently had performed. Without these ... |
|
 Who can claim a child on Tax Return? |
| Late June 2007-My daughter moved out of her residense she shared w/ her boyfriend, taking her child with her. She never held a job. Her boyfriend/ the father of her child held jobs here & there. T... |
|
 I'm filling out my own tax return this year for lack of money to pay an accountant.................. |
what are the penalties for making mistakes - i.e., reporting numbers in the wrong place thereby changing AGI (for example)?
I just don't want to go to jail for making honest mistakes.<... |
|
 Why is my Child & Dependent care credit =$0! TaxAct.? |
I paid close to $7000 for son's preschool but TaxAct software gives me $0 credit. I have entered all the info correctly.
I know the minimum child credit in my situation should be $600.
... |
|
 Wrong social on w2? |
| does anyone know what forms need to be filed.. or the procedure when your ss# is wrong on your w2? my employer says that they cannot correct it.... |
|
 Why do people allow themselves to be overwithheld on their taxes? |
By allowing yourself to be overwithheld and then getting a big refund check is like giivng the government an interest free loan all year.
On the IRS website, there is even a calculator where ... |
|
 Does it cost more to have your taxes taken out with your mortgage? |
| When I pay my mortgage all of my state and school taxes are included in the monthly payment I make. A friend told me that you save a bunch of money if you pay the taxes separately. I think he's ... |
|
 I just asked this question like a half hr ago but only got one answer....? |
| How much money do you get back per child? I heard that it's 1500 from one person and another person told me that you don't get anything. Can someone tell me please? I am not married but I ... |
|
 Confused about the W-4? |
This is my first job and I have to fill out a W-4.
I'm single and 19 years old. My dad said he's still claiming me as a dependent. I think I was asked to fill out exemptions and the ... |
|
|  |
joe m | Do i have to pay taxes on a $12,000 check i recieved from my grandmother? |
|
 |
 
PepsiLime
 |
I'm assuming that it's a gift, since a person can give up to $12,000 per person per year with no tax effect. No, gifts are never taxable to the person who receives them whether it's $1 or $1 billion. A person can give up to $12,000 per year to anyone without having to file a gift-tax return. Go above that amount to one person and the giver has to file a gift tax return, but still has a $1,000,000 lifetime exclusion that they can use. |
|
Chris W
 |
short answer
if its a gift no
if its payment yes
go by that |
|
Judy1
|
If you received it from her because you did work for her, then yes, otherwise, no. |
|
bostonianinmo
|
That depends upon why she gave you the money. If it was a bona fide gift, it is not taxed. If you put a new roof on her house then it's taxable income. |
|
ssmesq
|
Gifts are not taxable to the recipient, ever. Grandma can give $12K to anyone she wants, as many people as she wants, this year and it's not taxable to anyone. Now, if Grandma gives more than $12K per year to someone, she will pay gift tax on the amount unless she elects to apply the amount to her $1M unified tax credit - she can give $1M away in addition to the $12K per year per person. So you won't pay taxes on it, but given certain circumstances and bad tax planning, grandma may. |
|
stephen t
|
Nope. It used be 10k a year but now it is up to 12k I think. Anyone can give you 12k as a gift per year without you or them having to pay any tax. |
|
lagomars1013
|
If this is an inheritance no. Other wise yes unless she gave it to you as a gift. You should check with the IRS. |
|
CHARITY G
|
If it's a gift - then no. However, gifts are cumulative. For instance, if she gave you any money (throughout the year) prior to the 12k or after the 12k then that money (or items of cash value - car, homes) would be taxable. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 28 minutes(s) ago
| | | |
8 | 35 minutes(s) ago
| | | |
8 | 2 hour(s) ago
| | | |
8 | 7 hour(s) ago
| | | |
8 | 1 day(s) ago
| | | |
8 | 2 day(s) ago
| | | |
8 | 1 week(s) ago
| | | |
8 | 3 week(s) ago
| | | |
8 | 1 month(s) ago
| | | |
8 | 3 month(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
