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Get your taxes done using TurboTax
No, there is no special rule that says a minor gets all of their money back. It is based on how much they made. If they made more than $12,000 or if you had income from self-employment you will have to pay taxes.
State laws vary, but for many states, it is the same. You pay taxes on your income regardless of age.
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‎June 3, 2019
10:44 AM