Minimium earnings to required to file - 0 dependents
My daughter, who is a 19 year old college student and whom I claim as a dependent, earned $ 4,583 as reported on 1099-NEC. No taxes were withheld. Does she need to file anything?
My daughter, who is a 19 year old college student and whom I claim as a dependent, earned $ 4,583 as reported on 1099-NEC. No taxes were withheld. Does she need to file anything?
Yes she does have to file a tax return because she had over $400 of self-employment income.
MY DEPENDENT HAD A JOB
If your dependent has a W-2 for his after-school job, summer job, etc. you do not include the information on your own return. You can still claim your child as a dependent on your own return. He/she can file his own return for a refund of some of his withheld wages (he won’t get back anything for Social Security or Medicare), but MUST indicate on it that he can be claimed as a dependent on someone else’s return. (Supervise this closely or prepare it for him!)
If your dependent’s earnings were over $400 and were reported on a 1099Misc or 1099NEC then he must file a return and pay self-employment tax for Social Security and Medicare. You may want to use this version of TT for that:
https://ttlc.intuit.com/questions/1900583-what-is-turbotax-free-file-program
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