Do minors pay income taxes?

Answer Minors in the United States do have to pay income taxes if the minor reaches a certain level of income. Child taxpayers must file a return like their adult counterparts. There are some exceptions, ... Read More »

Top Q&A For: Do minors pay income taxes

Do minors have to file taxes?

Minors have to file taxes, depending on their level of income and a variety of circumstances such as where the income is derived from. Physical disabilities and other issues also come into play. Ul... Read More »

What income bracket pays federal income taxes?

All income brackets have people who have federal tax obligations, however, the amount of people who owe any taxes drops precipitously as income levels falls. According to the Tax Policy Center, onl... Read More »

Is retirement income exempt from state income taxes?

Every state handles taxation of retirement income differently. Seven states do not tax personal income at all, two only tax income from interest and dividends, and 36 states offer some type of excl... Read More »

Can You File State Income Taxes Before Federal Taxes?

Although you do not have to file your federal return first, many states' tax returns require information from your federal return. This means you will have to complete your federal return before yo... Read More »