I am full time college student, claimed on parent return, and earned $12000 due I have to pay taxes on this?

[lissannh]

I have 20 year old daughter, who is a full time college student (15 credits a semester). I claim her as a dependent on my tax return.She has a job and earns $12,000 a years. Is this income taxable to her or it exempt due to her full time student status?

[macuser_22]

A student is not exempt from paying taxes.

2017 Filing requirements for dependents.

Federal Dependent filing requirements: (State requirements may be different)
1) Dependents unearned income was more than $1,050.
2) Dependents earned income was more than $6,300.
3) Dependents gross income was more than the larger of-
a) $1,050, or
b) Dependents earned income (up to $5,950) plus $350.

Or Dependent had net earnings from self-employment of at least $400. 

However, if any tax was withheld, then Dependent might want to file anyway to get a refund of the tax withheld.

Also, a person that CAN be a dependent cannot claim him/her self and must check the box that says that another taxpayer can claim them (whether or not that taxpayer actually claims him/her).

Note: your state filing requirements might be different than the federal.

[Hal_Al]

That's the rules for 2017. If you are asking about 2018, the earned income (wages) ans total income threshold rises to $12,000 (up from $6350).

You do not report her income on your return. If it has to be reported, at all, it goes on her own return.

[VolvoGirl]

Does she get a W2 for it or a 1099Misc?  For a 1099Misc you have to file for only $400 or more and pay self employment tax on it.