report child's earned + unearned income, tax seems a bit high

8 replies
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Hi, my son who's 18 and full time student, has both earned income $600+ and unearned income $1304 from 2024. TurboTax asked us to file his tax separately, b/c we do not qualify to include his tax return in our jointly tax return. The tax calculated for him is around $150, this seems a bit too much for $600+ earned income plus $4 over the $1300 unearned income tax threshold.

thx,

Song

JohnB5677

Alumni - Intuit

I suggest you look at his actual 1040 tax return. He should get the standard deduction of $14,600.

Log into his account

From the left sidebar

Select Tax tools
Hint: You may have to minimize the Federal and State selections
Click Tools
A Menu will pop up
Select View tax summary
On the left panel click Preview my 1040

Some Key numbers to compare:

11 Adjusted Gross Income
12 Deductions Should be $14,600
15 Taxable income
16 Tax
33 Total Payments
34 Overpayment
35a Refund
37 Amount you owe

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samsongliAuthor

Level 2

Thanks, we are using Deluxe on Windows, the UI is a bit different but I was able to find the "Tax Summary" from the "Tools" menu.

It shows the following:

Adjusted Gross Income: $1904.00

Total Deductions

Itemized/standard deductions: $1300.00 <- I think this is the root cause.

I've checked the software updates and we are up-to-date, more specifically:

Washington State (our resident state) 2/5/2025 Automated Patch Pushing

Program Updates: 3/10/2025

VolvoGirl

Level 15

The 2024 Standard Deduction for an individual for whom an exemption can be claimed on another person's tax return is limited to the greater of:

…..$1,300 or

…..Your earned income for the year + $450 but not more than 14,600))

So you would get a minimum of $1,300

See Table 8 Standard Deduction worksheet for Dependents on Page 26

https://www.irs.gov/pub/irs-pdf/p501.pdf

VolvoGirl

Level 15

What kind of earned income did he have? Did he get a W2 or 1099NEC for it? If he got a 1099NEC it is filed as self employment on Schedule C and also pays self employment tax on it.

samsongliAuthor

Level 2

Yes his earned income is on 1099-NEC.

He's filing his own tax return - we cannot include his tax in our tax return. If I understand you correctly, he should get the greater deduction which is $14,600.