The following resources are presented in response to a comment/question from Karen. Do Kids Pay Taxes On Interest Income? Karen has two kids, ages 10 and 12, who have ING Direct accounts. They’ve earned some interest in 2006. Do they have to pay taxes? If so, how much, and at what rate? Karen, as best as I can tell, if…
Category: Taxes
I Like Doing My Taxes
I may be one of the 10 people in the world who actually likes to do his taxes. I enjoy looking at all of the numbers, entering the information, checking and re-checking. This year, my tax filing will be a bit more “complex” than in previous years. I have interest income, income from this site, charitable gift deductions, child-care credits……
Florida Sales Tax Holiday
The first state to have a sales tax holiday this year will be Florida. Here are the details:When: July 22 – 30 What: Clothing and related items with a sales price of $50 or less Books with a sales price of $50 or less School supplies with a sales price of $10 or less (The NUMBER of items purchased does…