Vanessa A
Expert Alumni

Get your taxes done using TurboTax

If you just arried to the US in 2023, did you meet the Substantial Presence Test or the Green card Test?  If not, then you will not be able to file using TurboTax as you would need to file a 1040NR as a non resident alien.  You can do this using Sprintax.com.

 

Is your son claiming you as a dependent on his return?  When you say pocket money, how much is he paying you?  Is this like an allowance that he gives you?  If he is claiming you as a dependent and basically just giving you spending money like an allowance, then this would not be taxable income. 

 

If he is treating you as a household employee and paid you more than $2,700, then he should issue you a W-2, so you can report your income from him. As his parent, he does not have to withhold FICA taxes on your wages as his household employee.

 

If he did not control the work you did, but there is a formal agreement that you provide certain services and are paid in a certain manner, then you would be considered Self-Employed and would need to pay the SE taxes.  

 

If you earned less than 100% of the Federal Poverty Lever, even if you reported more to the Marketplace, you would not have to repay the premium tax credit. 

 

 

 

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