turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Filing for son

What is the amount a 21 year old student can make before they are REQUIRED to file a tax return?

 

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

Filing for son

The minimum income requiring a dependent to file a federal tax return. 2022 filing requirements for dependents under 65: Earned income of at least $12,950, or unearned income (like from investments or trusts) of at least $1,150.

 

Self employment income over $400 is subject to self employment tax.

Filing for son

What about interest income (he cashed in some bonds)? Is that considered part of the $1150?

Filing for son

Yes, both interest and capital gains are unearned income. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies