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McC2incollege
Returning Member

One more question...

Our 24 year old daughter (in college) worked very little in 2023 and made only $1553.  However, her employer took out zero federal taxes.  Does she have to file, and will she owe 10% of that $1553?

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2 Replies
DawnC
Expert Alumni

One more question...

No, she doesn't have to file if her only income was a w-2 with $1553 in earnings.   She won't owe but won't get a refund if box 2 was zero.    That is, assuming it is a w-2.   If it is a 1099, she has to file a Schedule C and will owe self-employment tax.   

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One more question...

No she does not have to file a tax return if she has a W-2 with only $1500+ on it.

 

However......if that $1500 was self-employment income--she is required to file and pay self-employment tax for Social Security and Medicare.

**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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