LindaS5247
Employee Tax Expert

Education

You don’t need to indicate on your tax return that you are a high school student. Turbo Tax prompts ask specific questions regarding students to determine if they are entitled to any education credits and deductions (secondary education).

 

Enter your personal information into TurboTax as it prompts you to.

 

You will need to check the box that says you can be claimed on someone else’s return, if your parents are claiming you as a dependent.

 

Enter your W-2 information and any other income and expense information that you received documentation for. Enter these in TurboTax exactly as they are shown and follow the prompts.

 

Here are some things to keep in mind:

 

• A minor who may be claimed as a dependent must file a return if their income exceeds their standard deduction ($12,950 for tax year 2022).

• A minor who earns less than $12,950 will not owe taxes but may choose to file a return to receive a refund of withheld earnings.

• A child who earns $1,150 or more (tax year 2022) in "unearned income,” such as dividends or interest, needs to file a tax return.

• A minor who earns tips or makes more than $400 (tax year 2022) in self-employment income will have to pay Social Security or Medicare taxes, regardless of their total earnings.


Click here for information on when you must file a tax return.

 

Click here for information on filing taxes for the first-timer.
 

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