topic Dependent with $4500 in Get your taxes done using TurboTax

Dependent with $4500

hpelton6305 — Mon, 03 Jun 2019 18:34:49 GMT

My son is 22 and in college. I claim him on my taxes as a dependent. He made about $4500 in W2 and 1009-MISC income this year, and $105 was withheld from his W2 income as federal taxes. TurboTax is calculating that he owes $89 in taxes, but I thought he would not owe any taxes since the threshold is $12,000 in 2018. Shouldn’t he get that whole $105 back?

It depends on how much 1099-MISC income he had. He won't...

rjs — Mon, 03 Jun 2019 18:34:50 GMT

It depends on how much 1099-MISC income he had. He won't owe any income tax, but if he had more than $432 of 1099-MISC income he has to pay self-employment tax. If the $89 is self-employment tax, he probably had about $630 of 1099-MISC income.

Self employment tax will be on Schedule 4 line 57. The to...

rjs — Mon, 03 Jun 2019 18:34:51 GMT

Self employment tax will be on Schedule 4 line 57. The total from Schedule 4 will appear on Form 1040 line 14.