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Get your taxes done using TurboTax
Yes, it is possible that this return doesn't have to be filed.
Based on income alone, it is not enough income to require a tax return.
If any of the 1099s are self-employment income (1099-NEC, or 1099-MISC) in the amount of $400 or more, you have to file the return to show why the net self-employment income is less than $400.
If there is investment income of $2,500 or more and the filer is a dependent, you have to file a return.
When applying for financial aid, students may need to provide tax account information from their or their parents' tax return.
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‎February 28, 2024
5:56 AM