WebJun 7, 2024 · Yes, your daughter would file her own income tax return to get a refund. If your daughter got a W-2 for 2016 and had federal income tax withheld, she should file a … WebMay 25, 2024 · A qualifying child dependent must do so if they have earned income of $12,200 or more in the 2024 tax year – the amount of the standard deduction for single filers for that year – or $1,100 in unearned …
Do Children Need To File A Tax Return To Fund Their Roth …
WebApr 10, 2024 · Level 15. 17m ago. No. At age 17 she CAN be claimed as your dependent. There is no element of choice to that. The rule is that if a person CAN be claimed as someone else's dependent they must say on their own return that they can be claimed---even if the person who could claim them does not. WebJun 7, 2024 · You can still claim your child as a dependent on your own return. He/she can file his own return for a refund of some of his withheld wages (he won’t get back anything for Social Security or Medicare), but MUST indicate on it that he can be claimed as a dependent on someone else’s return. (Supervise this closely or prepare it for him!) flux weakening dc motor
Does Your Teen Need to File a Tax Return? Charles Schwab
WebDec 1, 2024 · TurboTax Tip: If your child earns more than $1,150 in unearned income (tax year 2024), you can claim the income on your own return. There are restrictions, and you may pay a higher tax, but it will save your child from having to file a return for unearned … Filing your child's tax return. The responsibility for filing a dependent … WebJan 23, 2024 · You cannot include your daughter's wage income on your tax return. If she has earned enough income to be required to file a return, then it must be reported on her own return. Take a look at the following TurboTax article for further guidance: Do I need to file my own taxes if I'm a dependent? @mmeicht WebJun 10, 2024 · Should my dependent file their own return? Depending on how much your child earns, they may not be required to file a federal income tax return. But if they’re having taxes withheld from their paycheck by their employer, they could be entitled to a tax refund–and the only way to get a refund is to file an income tax return. greenhill kitchens ballygawley