topic Re: Dependent in After you file

Dependent

fabianrodriguez1 — Mon, 20 Jan 2025 22:37:46 GMT

My child is 15 and has made over 15,000 on his w2 and is a full time student does he have to file alone? Or do I have to claim his money on my taxes?

Re: Dependent

VolvoGirl — Mon, 20 Jan 2025 22:39:57 GMT

If they are under 19 or under 24 and a full time student you can still claim them.

You don't include their income on your return. It would only go on their return if they are required to file one. To file a separate return for your dependent you need to set up a new account. Online is only good for one return per account. You can use the same email address for 5 accounts. They can probably use the Free Edition. How to start a new online return
https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-start-another-return-in-turbotax-onli...

Be sure on their return they check the box that says they can be claimed on someone else’s return. If their only income is W2 and under 14,600 they do not have to file a return except to get back any withholding taken out.

Filing requirements for a dependent
https://ttlc.intuit.com/community/children-dependents/help/do-i-need-to-file-my-own-taxes-if-i-m-a-d...

Re: Dependent

BrittanyS — Tue, 21 Jan 2025 00:00:21 GMT

You're child would need to file their own return and choose the option, "they can be claimed by someone else as a dependent on their return". Then when you file your return, you will claim them as a dependent on your return. You will not include your child's income on your return. Once your child has setup their own account with TurboTax, they will follow these steps to state they are claimed as a dependent on someone else's return:

Answer the initial interview questions
When you get to the section, "Let's check for some other situations", check the box for "Another taxpayer can claim me as a dependent on their return"
Click Yes for will this person claim you on their 2024 tax return

A screen shot is provide below for your reference:

In order to include your child's income the following requirements would need to be meet:

The child’s only income is from interest and dividends, including capital gains distributions and Alaska Permanent Fund dividends.
The child’s gross income for 2024 is less than $13,000. This limit increases to less than $13,500 for 2025.
The child is required to file a return for the year.
The child does not file a joint return for the year.
There were no estimated tax payments for the child for the year (including any overpayment of tax from the child’s prior year return applied to the current year estimated tax).
There was no federal income tax withheld from the child’s income.

For more information, see the link below:

Should I include a dependents income on my return?

@fabianrodriguez1