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Dependent child income
My 18 year old dependent son earned approximately $2,400 in 2018 from a summer job. Do I claim this income on my taxes or does he need to file his own return? If he needs to have filed his own return, I/he did not file for an extension from the April 15th deadline. Is there any penalty for filing today?
Thanks.
Roland Garcia
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Get your taxes done using TurboTax
You do NOT report his work income on your return. If he needs to file a return then it goes on his return.
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A dependent's earned income is never entered on your tax return.
If the income was earned as an employee where a W-2 was received then he does not have to file a tax return if that is his only income. Unless he wants to file to get a refund of the taxes withheld (if any), then he would enter on his tax return that he can be claimed as a dependent.
If he earned the income as a self-employed person receiving only cash or a Form 1099-MISC then he is required to file a tax return since the income was greater than $400. He reports the income and any expenses on a Schedule C for self-employment, part of and included with his personal tax return Form 1040.
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If he needs to file he can use the Free Edition or the Free File website.
Online is only good for 1 return per account. But you can use the same email address for 5 accounts. How to start another return in the Online version
In order to use the Free File program, you have to start it at a special website. Click on the bottom Orange button I Qualify Start Now and set up a NEW account