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Do i need to file if my income is under 13850 and I'm a full time college student and my parents claim me as a dependent?

 
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2 Replies

Do i need to file if my income is under 13850 and I'm a full time college student and my parents claim me as a dependent?

If you have a W-2 and boxes 2 and/or 17 show tax withheld you can file to seek a refund.  Make sure you say in MY INFO that someone else can claim you as a dependent.  

 

If you had even $400 of self-employment income you are required to file and pay self-employment tax for Social Security and Medicare even though you will not owe any ordinary income tax.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Hal_Al
Level 15

Do i need to file if my income is under 13850 and I'm a full time college student and my parents claim me as a dependent?

Q. Do i need to file if my income is under 13850 and I'm a full time college student and my parents claim me as a dependent?

A. It depends on the sources of your income. If it is all wages, reported  on  form W-2, then you are not required to file. 

 

A dependent  must file a tax return for 2023 if he had any of the following:

  1.          Total income (wages, salaries, taxable scholarship etc.) of more than $13,850 (2023).
  2.          Unearned income (interest, dividends, capital gains, unemployment, taxable portion of 529 distribution) of more than $1250 (2023)
  3.          Unearned income over $400 and gross income of more than $1250 (2023)
  4.          Household employee income (e.g. baby sitting, lawn mowing) over $2600 ($13,850 if under age 18)
  5.          Other self employment income over $432, including money on a form 1099-NEC

 

Even if he had less, he is allowed to file if he needs to get back income tax withholding. He cannot get back social security or Medicare tax withholding.

In TurboTax, he indicates that somebody else can claim him as a dependent, at the personal information section.

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