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If my child is under 18 but accumulated over $3000 do they file as well

 
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3 Replies

If my child is under 18 but accumulated over $3000 do they file as well

What do you mean by "accumulated over $3000"  Did your child have a job?  Where did the money come from?

**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.**

If my child is under 18 but accumulated over $3000 do they file as well

Yes retail job..she received w-2's as well..not sure if she files too? 

If my child is under 18 but accumulated over $3000 do they file as well

Thanks for clarifying.  I was wondering if she just had some generous relatives who gave her some birthday card money.

 

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 then he must file a return and pay self-employment tax for Social Security and Medicare.  You may want to use this version of TT for that:

https://ttlc.intuit.com/questions/1900583-what-is-turbotax-free-file-program

**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.**

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