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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.
‎February 13, 2024
11:55 AM