Do I need to report my oldest daughters income of $4,806.84 for the year of 2023?

[MinhT1]

If your daughter has income in 2023, you don't report your daughter's income on your tax return.

You can still claim her as a dependent if she didn't provide more than half of her own support for the year and she was under 19 at the end of 2023 (or under 24 and a full-time student).

If she is 19 or older (or 24 or older and a full-time student), you can't claim her as a dependent if she earned more than $4,700 in 2023.

If it has to be reported, at all, it goes on her own return. If your dependent daughter is under age 19 (or under 24 and a full-time student), she must file a tax return for 2023 if she had any of the following:

1. Total income (wages, salaries, taxable scholarship etc.) of more than $13,850 in 2023.
2. Unearned income (interest, dividends, capital gains) of more than $1,250.
3. Gross income (earned plus unearned) exceeding the larger of $1,250 or her earned income (up to $13,850) plus $400.
4. Other self-employment income over $400, including box 1 of a 1099-NEC

If your dependent daughter files her own return, she has to indicate in the My Info section of TurboTax that she can be claimed as a dependent by another taxpayer.

Even if she had less, she can file if she needs to get back income tax withholding. She can't get back Social Security or Medicare tax withholding.

[xmasbaby0]

MY DEPENDENT HAD A JOB

If your dependent has a W-2 for his after-school job, summer job, etc. you do not include the information on your own return. You can still claim your child as a dependent on your own return.  He/she can file his own return for a refund of some of his withheld wages (he won’t get back anything for Social Security or Medicare), but MUST indicate on it that he can be claimed as a dependent on someone else’s return.  (Supervise this closely or prepare it for him!)

If your dependent’s earnings were over $400 and were reported on a 1099Misc or 1099NEC then he must file a return and pay self-employment tax for Social Security and Medicare.

You might also want to use free software from the IRS Free File versions:

https://apps.irs.gov/app/freeFile/

[koli817345]

She is 16. Does she need to file her own tax return? 

[xmasbaby0]

@koli817345 If she has a W-2 for that income she is not required to file----but if any tax was withheld---in boxes 2 or 17, she can file to seek a refund.  She will not get anything back for the Social Security or Medicare that was withheld.

[MinhT1]

As she is 16, you can claim her as your dependent if she didn't provide more than half of her own support.

If her income is reported on a form W-2, she's not required to file a tax return. But if she's withheld taxes reported on the W-2, she can file a tax return to get a refund of withheld taxes.

If her income is reported on a form 1099-NEC, she has to file a tax return.