topic Does a 16 year old need to file 2024 taxes if they made $1500.00 1099 income this year? in Get your taxes done using TurboTax

Does a 16 year old need to file 2024 taxes if they made $1500.00 1099 income this year?

heveran2571 — Tue, 03 Feb 2026 11:58:59 GMT

Son received a 1099 NEC this year. Does he need to file his own taxes?

Re: Does a 16 year old need to file 2024 taxes if they made $1500.00 1099 income this year?

DoninGA — Mon, 10 Feb 2025 18:54:45 GMT

What type of form 1099? A 1099-INT, 1099-DIV, 1099-B or a 1099-MISC or a 1099-NEC?

Re: Does a 16 year old need to file 2024 taxes if they made $1500.00 1099 income this year?

heveran2571 — Mon, 10 Feb 2025 19:00:36 GMT

1099 NEC

Re: Does a 16 year old need to file 2024 taxes if they made $1500.00 1099 income this year?

DoninGA — Mon, 10 Feb 2025 19:07:38 GMT

@heveran2571 wrote:

1099 NEC

Then he received this from self-employment. Since the amount is greater than $400 he is required to file a tax return and report his self-employment income and expenses on Schedule C of the federal tax return, Form 1040. If he has a net profit from the self-employment he will need to pay Self-Employment taxes, which are separate from federal income taxes.

He will need to indicate on his tax return that he can be claimed as a dependent.

See this TurboTax support FAQ for a Schedule C - https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-schedule-c/L5Fz3j5us_US_en_US?uid=m6zfdl8h