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Q: What happens if you claim exempt on taxes?
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Do you pay taxes on house insurance claim?

income taxes ? no insurance payments are exempt


Why are there no federal taxes taken from your paycheck?

There are two reasons you may have no federal taxes taken is if you claim exempt on your W4 or if you claim a higher amount of dependents.


How do you get all your taxes back if you claim 1?

By making an amount so low that you're exempt from taxation.


If you claim your sixteenyear old on your taxes can she file exempt on her part time job?

There is no exemption from income taxes because of age. Being claimed as a dependent does not make your child exempt from taxes. Regardless of age or dependent status, if your child has sufficient income she must file her own tax return.To claim "exempt" on her W-4 at work, BOTH of the following statements must be true:1) She owed no taxes last year. All taxes that were withheld (if any) were refunded.2) She reasonably expects to owe no taxes this year.


In most states these are not exempt from taxes?

In most states, businesses are not exempt from taxes.


Can you have exempt taxes for a short period of time?

no, federal laws say if you dont qualify as exempt,you must choose a dependent from 0 -.. if you dont claim your employer must appoint you as 0.


Can a person claim exempt of federal taxes for only one paycheck?

If you earn income or make money, you are required to pay federal taxes. It does not matter how many paychecks you receive.


Do you claim exempt on taxes if your 17 years old and living with your parents?

not unless you make more money than your folks leave them the exemption.


Not tax exempt do i tax this?

Not tax exempt would mean that it is subject to taxes. Yes you would tax any thing that is not exempt from taxes in your business operation.


Do you have to pay income taxes on workers comp in KY?

Workman's compensation benefits are non-taxable, so you are exempt from having to claim anything you receive in workman's comp on your state or federal income taxes.


What does it mean to be non exempt from taxes?

it means you have to pay your taxes


Are students exempt from taxes of a 1099?

no they are not exempt frpm taxex escept FIA