topic Re: Dependent tax liability in Get your taxes done using TurboTax

Dependent tax liability

Michaelsmomjoel — Fri, 05 Mar 2021 04:59:12 GMT

My dependent has w-2 @ 3200 self employment of 5900 -(with deductions 4600 )and unemployment of 17k with taxes taken out.

i was using turbo tax and everything was looking good he owed about 600.00 for fed & state and then got to the add the person claiming you and it wanted our taxable income I put 85k in and it shot my dependent owing almost 3200 for fed and it said the reason why was on the self employment

why would he owe more after i entered our taxable income ? This makes no sense at all.

Re: Dependent tax liability

Bsch4477 — Fri, 05 Mar 2021 05:11:38 GMT

You are subject to the dreaded Kiddie Tax. You can read about it here:

https://ttlc.intuit.com/community/income/help/what-is-the-kiddie-tax/00/25913/amp

Re: Dependent tax liability

Michaelsmomjoel — Fri, 05 Mar 2021 05:16:52 GMT

He is 19

The w-2 and UI had taxes taken out, the self employment was about 5 k , it saying almost 3200 for fed owed on 5 k income ! Does this sound right ?