low income

Forum|Forum|3 years ago
November 16, 2022
2 replies
24 views

Is there a minimum income that taxes need to be filed? Example if my child only made $4000 does he/she have to complete a return?

xmasbaby0

Level 15

Your child might not "have" to file a tax return, but if federal or state tax was withheld from his wages he can file to seek a refund. He will not get back anything withheld for SS or Medicare. If he had self-employment income of even $400, he is required to file.

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/

**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.**