JamesG1
Expert Alumni

Get your taxes done using TurboTax

It sounds like you are required to file.  You do not include a breakdown of earned income and unearned income, but it sounds like your gross income exceeds the larger of $1,100 or your earned income plus $350.

 

A dependent of another taxpayer is required to file his or her own tax return if: 

  • Your earned income (money you made by working) exceeds $12,400,
  • Your unearned income (interest, dividends, capital gains, etc.) exceeds $1,100,
  • Your business or self-employment net income (gross minus expenses) is at least $400,
  • Your gross income (earned plus unearned) exceeds the larger of $1,100 or your earned income (up to $12,050) plus $350.

But even if your income falls below these filing requirements, you will want to file your own tax return to get a refund of any federal or state taxes withheld from your paychecks.

 

The IRS defines earned income as: 

  • Taxable income you earned as an employee, such as wages, salaries, commissions, and tips,
  • Profits from operating your business or farm,
  • Long-term disability pay if received before the minimum retirement age,
  • Union strike benefits.

The IRS defines unearned income as: 

  • Interest, dividend, or investment income,
  • Retirement or Social Security income,
  • Alimony or child support,
  • Unemployment or worker's compensation,
  • Gifts, prizes, awards, or winnings,
  • Inheritances,
  • Income received while incarcerated, even if it involves active work.
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