I am 15 and a full time student. I received a 1099 misc. Do I need to file taxes?
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I am 15 and a full time student. I received a 1099 misc. Do I need to file taxes?

 
5 Replies
Level 15

I am 15 and a full time student. I received a 1099 misc. Do I need to file taxes?

There is no age exemption.  You must report and pay tax if you have self-employment income more than $400, or other income more than $12,000.  What did you do to get this money, and which box of the 1099-MISC is it reported in?
*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
Level 6

I am 15 and a full time student. I received a 1099 misc. Do I need to file taxes?

If the amount reported in box 7 of your form 1099-MISC is more than $400, you have to file a tax return. Amounts reported in box 7 are self-employment income and are subject to self-employment tax, regardless of your age.

If you are a dependent of your parents, you need to indicate on your tax return that you can be claimed as a dependent by someone else.

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Level 15

I am 15 and a full time student. I received a 1099 misc. Do I need to file taxes?

Except that sometimes the payer uses box 7 in error, and there is an exception for 4-H/FFA income that sometimes comes up.  You need to tell us what you actually did to get the money.
*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
Level 15

I am 15 and a full time student. I received a 1099 misc. Do I need to file taxes?

Due to your age, you must file by mail.
Level 15

I am 15 and a full time student. I received a 1099 misc. Do I need to file taxes?

You likely also want to use the Tax Freedom edition co-sponsored by the IRS, not the regular "free" version, because if you need more complicated forms, the Freedom edition will include them for free and not upsell you to a pricier version.
<a rel="nofollow" target="_blank" href="https://turbotax.intuit.com/taxfreedom/">https://turbotax.intuit.com/taxfreedom/</a>


But we still need to know the source of the money.
*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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