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sandhya
Level 2

dependent child's income

My daughter is 21 and a full time student. She worked in summer so had some earnings but less than  $12000. I filed her return with the option that she can be claimed as dependent. 

Now when I file my taxes, do I add her income into my income?

1 Best answer

Accepted Solutions
Opus 17
Level 15

dependent child's income

If a child’s income is only from investments, there are some times when it can be included on a parent’s return. A child’s income from working is never included on a parent’s return and is only reported on a return in their own name. This does not by itself change whether they qualify to be your dependent, you look at the overall picture including where they live, their age, their student status, and how much support you provide compared with how much of their own support they provide.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*

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3 Replies
Mike9241
Level 15

dependent child's income

you do not enter her income on your return. 

Hal_Al
Level 15

dependent child's income

You do not report his/her income on your return. If it has to be reported, at all, it goes on his own return. If your dependent child is under age 19 (or under 24 if a full time student), he or she must file a tax return for 2020 if he had any of the following:

  1.          Total income (wages, salaries, taxable scholarship etc.) of more than $12,400 (2020).
  2.          Unearned income (interest, dividends, capital gains, unemployment) of more than $1100.
  3.          Unearned income over $350 and gross income of more than $1100
  4.          Household employee income (e.g. baby sitting, lawn mowing) over $2100 ($12,400 if under age 18)
  5.          Other self employment income over $432, including money on a form 1099-NEC

 

Even if he had less, he is allowed to file if he needs to get back income tax withholding. He cannot get back social security or Medicare tax withholding.

Opus 17
Level 15

dependent child's income

If a child’s income is only from investments, there are some times when it can be included on a parent’s return. A child’s income from working is never included on a parent’s return and is only reported on a return in their own name. This does not by itself change whether they qualify to be your dependent, you look at the overall picture including where they live, their age, their student status, and how much support you provide compared with how much of their own support they provide.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*

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