Best answer

There is nothing wrong with wanting a few bucks to get milkshakes with your friends or go to the movies.A parent is more likely to give you money to fund an activity they support (something school-related, an educational trip, a reputable event, etc.). ... Asking for money to buy an item might be easier to explain.

Answered by: EricLavault Date created: May 16, 2022

Do my parents make too much money for financial aid?

Asked By: Robby Cornelissen Date created: May 04, 2022

MYTH 1: My parents make too much money, so I won't qualify for any aid. FACT: The reality is there's no income cut-off to qualify for federal student aid. It doesn't matter if you have a low or high income, you will still qualify for some type of financial aid, including low-interest student loans.

Answered By: doniyor Date created: May 06, 2022

Can I opt out of KiwiSaver and get my money back?

Asked By: jfs Date created: May 12, 2022

Your refunds when your employee opts out If you've made employer KiwiSaver contributions: we'll refund them to you, you do not have to do anything to tell us.

Answered By: Amal K Date created: May 15, 2022

Will my parents get money if I die?

Asked By: Gibbs Date created: May 06, 2022

Should you die, your common-law spouse won't inherit anything—not property, not money, nothing—regardless of the number of years spent together. Your family members (children, siblings, parents) could automatically inherit all of your assets.

Answered By: Sebastian Mach Date created: May 08, 2022

How much money can I give to my parents tax-free?

Asked By: MatsLindh Date created: May 01, 2022

Assuming that both your parents are senior citizens aged above 60 years, the basic tax exemption for them will be Rs 3 lakh. It is Rs 5 lakh for super senior citizens, who are aged above 80 years. If both of your parents do not have a high income, then you can avoid tax by gifting money to them.

Answered By: Pengguna Date created: May 04, 2022

Can I make money with Monat?

Asked By: Adrita Sharma Date created: May 05, 2022

You can make a 15% margin on sales to VIP customers, or 30% to retail customers. We believe that selling to customers is the best way to make money with any MLM. Regardless of what they tell you Monat is a sales job. Any salesperson will tell you that the best way to make money, is with a good product.

Answered By: davidmytton Date created: May 07, 2022

How much money should I give my parents for Christmas?

Asked By: BKSpurgeon Date created: May 07, 2022

$250 should be enough for each of them to buy something they want or to do something they enjoy.

Answered By: Harald Coppoolse Date created: May 07, 2022

Do I lose money if my parents claim me?

Asked By: static_rtti Date created: May 01, 2022

Basically, if your mother "QUALIFIES" to claim you, it flat out does not matter if she actually claims you or not.

You don't have "ANY" choice, and must select the option for "I can be claimed on someone else's tax return"..

Answered By: jcubic Date created: May 02, 2022

Can I find out who cashed my money order?

Asked By: Mehdi Dehghani Date created: Apr 27, 2022

Call MoneyGram's automated response line at 1-800-542-3590 or use MoneyGram's online tracking system. You'll need to provide your money order number and the exact dollar amount; the system should then tell you whether the item has been cashed or not.

Answered By: Top-Master Date created: Apr 30, 2022

How do I get my money back after being cheated?

Asked By: Alan Wells Date created: Apr 29, 2022

Here are the basic steps:Initiate a transaction and pay with a check.Put a hold on that check with your bank.Presumably the seller (or someone who works for the seller) will try to cash that check. ... When the buyer realizes the check isn't clearing, tell them you need to call the bank with them to clear it up.

Answered By: Steve Date created: May 02, 2022

How can I gift my parents money in India?

Asked By: Gyrocode.com Date created: May 12, 2022

One way of saving on taxes is to gift your children and parents assets and cash for investments. As per the current laws, any gift received in cash or kind exceeding Rs 50,000 is taxed in the hands of the recipient as "income from other sources". However, this rule does not apply to gifts received from relatives.

Answered By: Code Poet Date created: May 13, 2022

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There is no restriction on the amount of money you can gift your parents under the Income Tax Laws of India.

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Can I cash my money order if I already wrote on it?

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Dan Allan

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How can I get money for college if my parents make too much money?

The Parent PLUS Loan is another alternative, offered to parents, that can help out when you don't qualify for enough traditional aid for undergraduate studies.

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aosmith

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Rory

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The Alpha

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Can my parents give me money for a deposit?

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Will I get less money if my parents claim me as a dependent?

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miku

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Where can my recipient collect the funds in Pakistan?...What information do I need from my recipient for sending cash pickups to Pakistan?Full name. Please enter your recipient's full legal name. ... Address. We need your recipient's city.Mobile number. ... Sending reason. ... Email (optional).

Yu Hao

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Tseng

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Can I give my parents money tax free?

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Can I lend my son money to buy a house?

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Electrons_Ahoy

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Can I put money in my daughter's account?

1. Deposit cash at the bank. The most basic way to move money into someone else's account is to walk into the bank and tell the teller you'd like to deposit cash. You'll need the recipient's full name and bank account number to complete the deposit.

Roko C. Buljan

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Can I transfer money to my wife account?

One can put money in PPF or Senior Citizens Savings Scheme (SCSS) in the name of spouse/parents and earn tax-free returns. If you have exhausted the Rs 1 lakh limit under PPF, you can gift money to spouse, parents, adult children or siblings, who can invest it in PPF.

Michael Benjamin

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How much money can I gift to my parents?

Gifts up to Rs 50,000 per annum are exempt from tax in India. In addition, gifts from specific relatives like parents, spouse and siblings are also exempt from tax. Gifts in other cases are taxable.

kjhughes

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What does the Bible say about giving money to those in need?

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What details are required for online money transfer?

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Alexander

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Can parents gift you money for a house?

The answer is no. This is considered mortgage or loan fraud, which is a crime. It can also put your loan qualification at risk as all loans need to be factored into your debt-to-income ratio. Perito has seen borrowers tell the lender their parents are gifting the money, but it's actually a loan.

Mohamed ElKalioby

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Do I have to pay taxes on money my parents gave me?

You most likely won't owe any gift taxes on a gift your parents make to you.

Depending on the amount, your parents may need to file a gift tax return.

...

They generally won't owe any actual out-of-pocket gift tax bill unless the gifts for the year exceeded their lifetime gift tax exclusion..