- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self employed
Did you use this money for education expenses? Did you see any mention of a kiddie tax? Did it ask you anything about your parents income? Does the amount you owe change when you say you are not a dependent?
You do NOT have to pay Self-Employment taxes because your parents claim you, that has NO affect on whether or not your ay self-employment tax. However, if you have UNEARNED income, and your parents are claiming you, you may be paying the Kiddie tax. That means your unearned income would be taxed at your parents tax rate instead of your tax rate.
Do you have form 8615 in your return?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 27, 2025
1:29 PM