LeticiaF1
Employee Tax Expert

Get your taxes done using TurboTax

As both ee-ea and xmasbaby0 mentioned, your dependent may have to file his/her own 2023 tax return if:

 

  • Earned income (money made working) exceeds $13,850
  • Unearned income (interest, dividends, capital gains, etc.) exceeds $1,250
  • Business or self-employment net income (gross minus expenses) is at least $400
  • Gross income (earned plus unearned) exceeds the larger of $1,250 or earned income (up to $13,450) plus $400

But even if the income falls below these filing requirements, he/she may want to file a tax return to get a refund of any federal or state taxes withheld.

 

@dsaxby