turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Do I have to pay taxes. I made 21,000 in 2023 and I’m 17

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
VolvoGirl
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Do I have to pay taxes. I made 21,000 in 2023 and I’m 17

Yes.  Did you get a W2 or a 1099NEC?  Since you are under 19 are your parents claim you as a dependent?  You will get a Standard Deduction of 13,850 leaving 7,150 taxable income.  Tax on that is 715.  If you had more withholding taken out you will get a refund.  

View solution in original post

3 Replies
ThomasM125
Expert Alumni

Do I have to pay taxes. I made 21,000 in 2023 and I’m 17

Yes, that amount of money is more than your standard deduction so you will need to file a tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Do I have to pay taxes. I made 21,000 in 2023 and I’m 17

You must file a tax return.  You earned more than the amount of the standard deduction-------which is $13,850 for a single filer.

 

CAN I FILE A RETURN IF I AM A DEPENDENT?

If you can be claimed as a dependent on your parents’ return, you can still file your own return so that you can receive a refund of taxes withheld.  Your W-2 will show federal tax withheld in box 2, and state tax withheld in box 17.  (You will not get back anything for Social Security or Medicare withheld.) Be sure that on your own return you say that you can be claimed as a dependent on someone else’s return.

 

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

 

 

 

 

If you can be claimed as a dependent and you answer the question in My Info incorrectly, here is what happens if you e-file first:  Your Social Security number goes into the IRS system as having been used.  When your parents try to e-file, their e-file is rejected and they will find it impossible to e-file their own tax return.  Then they will have to print, sign and mail their return and wait for months for it to be processed.  You, meanwhile, will have to file an amended tax return on a special form called a 1040X, which also takes months for the IRS to process.  So make sure you know the correct answer to "Can anyone claim you as a dependent on their tax return?"

 

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
VolvoGirl
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Do I have to pay taxes. I made 21,000 in 2023 and I’m 17

Yes.  Did you get a W2 or a 1099NEC?  Since you are under 19 are your parents claim you as a dependent?  You will get a Standard Deduction of 13,850 leaving 7,150 taxable income.  Tax on that is 715.  If you had more withholding taken out you will get a refund.  

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question