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Will a 16 year old have to file if only earned $ 1758.00 ?

 
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Will a 16 year old have to file if only earned $ 1758.00 ?

No, they are under the amount to have to file (under $12,550). However, even if your child earns less than $12,550 during 2021, it may be a good idea to file a tax return for them, because they could be eligible for a tax refund. Regardless of the amount of income your child earns, their standard deduction is different than yours. It can never exceed the larger of $1,100 or their earned income plus $350, with the maximum equal to $12,550.

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3 Replies

Will a 16 year old have to file if only earned $ 1758.00 ?

No, they are under the amount to have to file (under $12,550). However, even if your child earns less than $12,550 during 2021, it may be a good idea to file a tax return for them, because they could be eligible for a tax refund. Regardless of the amount of income your child earns, their standard deduction is different than yours. It can never exceed the larger of $1,100 or their earned income plus $350, with the maximum equal to $12,550.

Will a 16 year old have to file if only earned $ 1758.00 ?

I suggest you refer to

https://www.irs.gov/help/ita/do-i-need-to-file-a-tax-return

and

https://turbotax.intuit.com/tax-tips/irs-tax-return/do-you-have-to-file-an-income-tax-return/L2hxskb...

 

The teenager may WANT to file to get any withheld taxes returned, even if they are not required to file.

If they file, and they are claimed as a dependent on someone else's return, they need to check the box for  I can be claimed as a depended by someone else.  This is located in the Personal Information section of Turbotax.


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JohnB5677
Employee Tax Expert

Will a 16 year old have to file if only earned $ 1758.00 ?

Age is of no consequence.  The issue is earned income.  If an individual earns below $12,550 in 2021 they will NOT have to file a tax return.

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