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Level 1
June 3, 2019
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Dependent with $4500

  • June 3, 2019
  • 1 reply
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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?

Best answer by rjs

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.

1 reply

rjs
Level 15
rjsLevel 15Answer
Level 15
June 3, 2019

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.

rjs
Level 15
Level 15
June 3, 2019
Self employment tax will be on Schedule 4 line 57. The total from Schedule 4 will appear on Form 1040 line 14.