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Get your taxes done using TurboTax
As long as your child has no other income, you won't have to file a tax return for them because Social Security income isn't taxable if you have no other income. Once your child has other income and their Modified Adjusted Gross Income (MAGI) exceeds the base amount for their filing status, some of their social security income is taxable. TurboTax calculates the taxable part when all of the income is entered.
Refer to the TurboTax Help articles How does receiving Social Security affect my taxes? and Is my Social Security income taxable? For additional information.
To find out information on the base amount for social security, refer to IRS Pub 915 Social Security and Equivalent Railroad Retirement Benefits.
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March 2, 2024
5:28 PM
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