someone told me this but i didn't get the chance to ask details. Is it true?
2007-10-17 10:58:33 · 7 answers · asked by the lady in red. 1 in Business & Finance ➔ Taxes ➔ United States
False.
2007-10-17 11:02:02 · answer #1 · answered by Wayne Z 7 · 2⤊ 0⤋
Money that you earn from both jobs is added together when you fill out your taxes and you pay on the total amount you make
2007-10-17 11:08:06 · answer #2 · answered by monksoup 2 · 1⤊ 0⤋
You wish! No, not true, you file one tax return, but show your total income.
Joyceel isn't correct, though - child support, and gifts given to you no matter how much they are, are not taxable income to you and you don't show them on your tax return.
2007-10-17 15:20:56 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
False. You will get two W2 forms and you will combine all figures indicated on your W2s and place them on the appropriate lines on your tax forms.
2007-10-18 14:05:02 · answer #4 · answered by Gary 5 · 0⤊ 0⤋
No, it is not true. You must pay taxes on all earned income.
2007-10-17 11:07:15 · answer #5 · answered by Anonymous · 2⤊ 0⤋
Absolutely NOT!! Its based on your entire income, money gifted to you over a certain amount and even child support has to be claimed as well
2007-10-17 11:10:54 · answer #6 · answered by Anonymous · 1⤊ 3⤋
"Someone" lied to you. Plain and simple. All income is taxable.
2007-10-17 11:09:01 · answer #7 · answered by Bostonian In MO 7 · 1⤊ 0⤋