Do you have to claim taxes on money earned with PayPal?

Answer When a person has income, he must report it to the Internal Revenue Service. In general, if you have any inflow of money, it most likely is reportable income. There are various ways to earn money ... Read More »

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Do you have to pay taxes on insurance claim money?

According to the Internal Revenue Service, generally speaking money received as a benefit from a life insurance policy is non-taxable. There are some exceptions to this rule. Consult with a tax adv... Read More »

How much money do you have to make before you need to claim it on taxes?

According to the IRS, self-employed individuals that made more than $400 must file a tax return. As of 2009, single taxpayers (younger than 65) must file a tax return if they made $9,350 or more an... Read More »

Do I have to claim the stimulus money as income on my taxes?

The economic stimulus was a tax credit provided to any individual who filed taxes for the 2007 year. You don't have to claim the money you received from this credit as income on your following year... Read More »

Can one parent claim the child and the other get the earned income tax credit?

Yes. The article "Earned Income Credit" published by the Department of Treasury explains that claiming children has an effect on the calculation of earned income tax credit, but it is not a require... Read More »