what is the maximum you can earn without getting taxed?

Question

I am a dependent. someone told me i will get taxed only if i make more than 6k is that right?

Answer 1

If you are a U.S. citizen or resident alien, whether you must file a federal income tax return depends upon your gross income, your filing status, your age, and whether you are a dependent. For details, see Table 1 and Table 2. You also must file if one of the situations described in Table 3 applies. The filing requirements apply even if you owe no tax.

You may have to pay a penalty if you are required to file a return but fail to. If you willfully fail to file a return, you may be subject to criminal prosecution.

Gross income is all income you receive in the form of money, goods, property, and services that is not exempt from tax.

Your unearned income was more than $850.

Your earned income was more than $5,150.

Publication 501
http://www.irs.gov/publications/p501/index.html

Your employer is required to withhold taxes as you earn them

Answer 2

If your income is not from self-employment, the amount a dependent can make without having to file or pay tax is $5150 for 2006. Below that amount, you would not owe tax, but if you had anything withheld for federal income tax, file a return to get it refunded to you.

Answer 3

For federal it would be $5150 and for state it would depend

Answer 4

$5150 standard deduction

Answer 5

you can make MILLIONS and not be taxed if you know the system well enough. there are donations and loopholes for the rich, that is america's biggest flaw.

Answer 6

I think it's more than 5k but I'm not sure.

Answer 7

30,000 i think