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Deductions & credits
yes, if your child received a 1099 and it exceeds $400 there is a filing requirement,
as the income is below $12,550 there is no INCOME tax. But there is a "SELF EMPLOYMENT" tax, which represents the social secruity and medicare taxes that would have been withheld from the child's paycheck had they been a W-2 employee
May 27, 2022
1:16 PM