Even if your kids are young enough to be your dependents, they may still have to pay taxes. In some cases, you may be able to include their income on your tax return; in others, they'll have to file their own tax return. The need to file depends on both the amount and source of …

5 天之前 · Most U.S. citizens or permanent residents who work in the U.S. have to file a tax return. Generally, you need to file if: Your income is over the filing requirement; You have over $400 in net earnings from self-employment (side jobs or other independent work) You had other situations that require you to file

2025年1月6日 · How old do you have to be to file taxes? The IRS doesn’t have a set age requirement for paying taxes – instead, it’s more dependent on income. While it’s doubtful kids will have to pay taxes if they are being claimed as dependents, there may be special circumstances in which dependents meet the requirements to file to pay taxes, like ...

4 天之前 · Tax filing requirements depend on gross income, filing status, and age. For the 2024 tax year, single filers under 65 must file if their gross income exceeds $13,850. This threshold rises to $15,700 for those 65 or older. Married couples filing jointly must file if their income exceeds $27,700 when both spouses are under 65.

2025年1月18日 · Minors must file a 2024 federal income tax return if they received $400 or more in tips or self-employment income. For unearned income (for example, income from dividends or interest), the...

6 天之前 · Parents may qualify for tax credits like the Child Tax Credit, but teens may lose access to certain tax benefits if claimed as dependents. Relevant Tax Forms. Teens need to be familiar with the right tax forms. For wages from part-time jobs, the W-2 form details total earnings and taxes withheld and is used to complete Form 1040.

Is there an age limit on claiming my child as a dependent? If the parents of a year-old child never married but live together with the child for the tax year, and both contribute to the cost of maintaining the household for the child and themselves, may they both file as head of household?

2024年1月25日 · It might seem odd, but the IRS says dependent children who earn more than a threshold amount must file returns. If a child fails to file, you (the parent) might be liable for the tax. Moreover, if your child can't file a return for any reason, such as age, you're legally responsible for filing one on your child's behalf.

2024年4月9日 · Yes, there is usually a deadline to file taxes, which varies depending on the tax jurisdiction you are in. In many countries, the tax filing deadline is typically around April 15th. However, it is important to check the specific deadline for your country or consult with a tax professional to ensure timely filing.

2024年11月10日 · Children generally don't receive instruction in school on filing income taxes, so parents should teach their kids when and how to do it. Dependents must file under certain circumstances if...