How many kids are you allowed to claim on income taxes?

Answer The Internal Revenue Service currently does not place limits on the amount of children you can claim on your federal tax return as long as they qualify as a dependent under your care.Source:Can You... Read More »

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How can a teen claim income taxes?

When it comes to paying taxes, very few are exempt. If a teenager meets the income criteria set forth by the Internal Revenue Service, a tax return must be filed.Not Claimed as a DependentIn 2009, ... Read More »

How much income do i need to claim taxes?

If you are single, no one can claim you as a dependent, you are under 65 and made less than $9,350, then you do not need to file a federal return. If you are self-employed, any amount over $400 mus... Read More »

Can you claim an unborn child on income taxes?

In order for you to claim an exemption on your federal income taxes, your child must be born during the calendar year. You may not claim a stillborn child as a dependent, but you may claim a child ... 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 »