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Is my blended tax rate based on my parents income as a dependent?
was set to get a small refund then it asked for my parent's taxable income and now says I owe a fairly large amount. Why am I being taxed at such a high percentage when my taxable income is only 9,600
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April 4, 2021
5:12 PM
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if you are subject to "kiddie tax' then yes, you are taxed at your parent's rate.
Is part of that $9600 from other than W-2 wages? does it exceed $2200?
April 4, 2021
5:17 PM
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How old were you on 12/31/2020? Were you a full time student?
April 4, 2021
5:18 PM