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Reply to "17 yr earned 3k this summer, does she need to file tax form?"
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[quote=Anonymous][quote=Anonymous]Were there taxes withhold? If so, you would want to get the refund. From turbotax: A minor who earns less than $12,950 will not owe taxes but may choose to file a return to receive a refund of withheld earnings. • A child who earns $1,150 or more (tax year 2022) in "unearned income,” such as dividends or interest, needs to file a tax return. • A minor who earns tips or makes more than $400 (tax year 2022) in self-employment income will have to pay Social Security or Medicare taxes, regardless of their total earnings.[/quote] I read the same thing on Turbo tax. Was hoping an actual account or knowledgeable parent of working minor would respond. DD worked in DC. A very small refund. For Fed, it says she owes $2xx. But we left EIC blank. Thx GOP for getting rid of EASY form and making it so damn complicated! [/quote]
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