I am claiming my parent as a dependent. My parent makes in total (including SS) less than 20K. The amount not SS is less than 3K. Does my parent still need to file an individual return?
You'll need to sign in or create an account to connect with an expert.
Your parent would probably not need to file a tax return based on the information posted.
Up to 85% of Social Security Retirement/Disability/Survivors benefits becomes taxable when all your other income plus 1/2 your social security reaches:
Probably not. The social security is not taxable, but keep in mind that a dependent must file a return if their unearned income (1099-R, bank interest, dividends, etc) is more than $2,900.
Single dependents—Were you either age 65 or older or blind?
No. You must file a return if any of the following apply.
1. Your unearned income was more than $1,150.
2. Your earned income was more than $12,950.
3. Your gross income was more than the larger of:
a. $1,150, or
b. Your earned income (up to $12,550) plus $400.
Yes. You must file a return if any of the following apply.
1. Your unearned income was more than $2,900 ($4,650 if 65 or older and blind).
2. Your earned income was more than $14,700 ($16,450 if 65 or older and blind).
3. Your gross income was more than the larger of:
a. $2,900 ($4,650 if 65 or older and blind), or
b. Your earned income (up to $12,550) plus $2,150 ($3,900 if 65 or older and blind)
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
alej2020
New Member
actuning7
Returning Member
Lord_Tasho
Returning Member
mle4
Level 2
flagflingr
New Member