Fetch rewards

[Iamnotataxexperthelp]

Hello i use an app called fetch rewards and so far ive earned over $1,000+ In gift cards  this year i was wondering if i would have to do anything with taxes on that because im only 14 but their age minimum is 13.. also just to note i havnt received any tax forms or anything soo.. could someone please let me know thanks 

[ThomasM125]

You have a standard deduction for unearned income of $1,100 (for dependent filers) and earned income of $12,400. If your income is under those amounts, then you don't have to file a tax return in most instances.  Also, you need to file a tax return if your self-employment income is over $400.

So, you need to determine what type of income it is to determine if you have to file a tax return.

Unearned income is income you receive from investments and prizes and other things you don't expend much effort to receive. It is normally reported on a form 1099-MISC.

Self-employment income is typically from services your provide or goods you sell. It is normally reported on a form 1099-NEC.

I suggest you use this worksheet the IRS provides to see if you need to file a tax return:

https://www.irs.gov/help/ita/do-i-need-to-file-a-tax-return