How much money do you need to donate before itemizing taxes?

Answer The Internal Revenue Service stipulates that you may donate up to 50 percent of your income. In order to itemize for tax purposes, the total of the itemization needs to be larger than your standard... Read More »

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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 »

How much money can you pay someone before it has to be claimed on taxes?

Generally, you will file Form 941 (PDF), Employer's QUARTERLY Federal Tax Return, or Form 944, Employer's ANNUAL Federal Tax Return, to report wages you have paid, tips your employees have reported... Read More »

How much money can be received as a gift before taxes are due?

The IRS states that you can receive a gift of $13,000 per year from a single person or $26,000 from a married couple before taxes are due. However, gift taxes are usually paid by the gift giver, no... Read More »

How much money can I make before having to pay taxes on it in Ontario, Canada?

Ontario has a "basic personal amount"--which is the amount of income which can be earned before taxes must be deducted--of $8,881 for the 2009 tax year. Therefore, you can earn a total of $8,881 b... Read More »