Minor Son Needing to File

Forum|Forum|4 years ago
March 29, 2022
3 replies
27 views

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.

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ColeenD3

Level 15

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

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.