Does a child have to pay income taxes?

Answer A child must file an income tax return for 2009 if he has earned more than $5700 during the year or has unearned income (such as interest or dividends) of more than $950. If your child has both typ... Read More »

Top Q&A For: Does a child have to pay income taxes

Do you have to report child support as income on your taxes?

Child support that you receive is not reported as taxable income on your federal income tax return. If you pay child support, you are not allowed to deduct that amount from your taxable income.Sour... Read More »

Can a Man Paying Child Support Be Denied From Claiming a Child on Income Taxes?

The dependency exemption is used to reduce the taxes of families caring for children. Only one dependency exemption is granted per child. When parents with children divorce, only one parent will be... Read More »

Does Florida have state income taxes?

There are no state income taxes in Florida. The Florida state sales tax is 6 percent. The Florida gasoline tax is 34.4 cents per gallon. The Florida diesel fuel tax is 29.6 cents per gallon. The Fl... Read More »

Do I need to file income taxes if all I have is interest income?

Whether you need to file taxes on interest income alone depends on your filing status, age and dependency status. For 2009, a single taxpayer under age 65 with less than $9,350 in taxable income w... Read More »