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Level 1
Mar 29, 2022 5:07 AM UTC
Question

Minor Son Needing to File

Does my minor child have to file a tax return if he received a SSA-1099 AND had around $100 in interest income from a life insurance policy?  All the posts I have seen only have the SSA-1099 question, but he does have other income, albeit very low.

3 replies

ColeenD3
Alumni - Intuit
Mar 29, 2022 11:49 AM UTC

No, he is not required to file since he has not met the filing requirement. Social security is not taxable at this income.

Critter-3
Level 15
Mar 29, 2022 11:54 AM UTC

Please see the filing requirements for dependents:

  • Your earned income (money you made by working) exceeds $12,400
  • Your unearned income (interest, dividends, capital gains, etc.) exceeds $1,100
  • Your business or self-employment net income (gross minus expenses) is at least $400
  • Your gross income (earned plus unearned) exceeds the larger of $1,100 or your earned income (up to $12,050) plus $350

SS benefits could  become partially taxable but only if the dependent is required to file. 

Alumni - Champ
Mar 29, 2022 12:36 PM UTC

State filing requirements may be different.