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Started By
Message
Taxed Income $
Posted on 12/11/12 at 7:31 am
Posted on 12/11/12 at 7:31 am
Up to how much can you make without reporting it ?
3
Posted on 12/11/12 at 7:38 am to kathleen2
You have to report all income.
Posted on 12/11/12 at 7:57 am to reb13
Supposedly.
Deal in cash. No receipts. Don't deposit it. Work it into your expenses so you're paying more bills with cash instead of with your reported income.
Deal in cash. No receipts. Don't deposit it. Work it into your expenses so you're paying more bills with cash instead of with your reported income.
Posted on 12/11/12 at 8:04 am to kathleen2
Are you sure you posed your question correctly?Posted on 12/11/12 at 8:09 am to BROffshoreTigerFan
quote:
Supposedly.
Deal in cash. No receipts. Don't deposit it. Work it into your expenses so you're paying more bills with cash instead of with your reported income
Well yeah, I assumed she meant legally.
Posted on 12/11/12 at 8:11 am to reb13
quote:
Well yeah, I assumed she meant legally.
Probably, but you'll never get anywhere with that mindset.
Posted on 12/11/12 at 8:39 am to kathleen2
if you're single, the answer is up to around $9400 I believe
that's the standard plus the personal exemption
ETA: unless it's self-employed income
that's the standard plus the personal exemption
ETA: unless it's self-employed income
This post was edited on 12/11/12 at 8:40 am
Posted on 12/11/12 at 8:40 am to Ford Frenzy
quote:
if you're single, the answer is up to around $9400 I believe
You still have to include it on your 1040 you just do not have to pay federal taxes on it.
Posted on 12/11/12 at 8:49 am to reb13
I don't think that's necessarily correct unless of course you want to get a refund
Posted on 12/11/12 at 10:17 am to Ford Frenzy
Correct.
I'm assuming the OP was asking how much money they had to make to be exempt from filing. Lots of variables.
In it's simplest form, if you aren't self employeed, federal tax was not withheld from your wages, and there is no other claimable income, you don't need to file if you made less than $9,750 when filing single.
I'm assuming the OP was asking how much money they had to make to be exempt from filing. Lots of variables.
In it's simplest form, if you aren't self employeed, federal tax was not withheld from your wages, and there is no other claimable income, you don't need to file if you made less than $9,750 when filing single.
This post was edited on 12/11/12 at 10:20 am
Posted on 12/11/12 at 1:55 pm to LSUAfro
That is true, but you should make sure there isn't any withholding already on a W-2 or other form of non-self employment income or filing a return is usually worth getting the money back.
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