Reply to 17 yr earned 3k this summer, does she need to file tax form?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]When I was that age I always got money back when I filed, even though I was a dependent. If they have a w-2 its likely in their best interest[/quote]
? how can you file if you are a dependent?  Our CPA files our minor son's returns ($3k) along with ours.

Are you claiming on the return that you are a dependent? Also, even if you are a minor, and not making much, social security and medicare taxes will be taken out.  My son's w2 shows no federal taxes taken out, but social security and medicare taxes were.

If your income was above $12K, and/or you had unearned income, then you would file separately.

https://www.irs.gov/faqs/filing-requirements-status-dependents[/quote]

This is so funny to me.  Tell me you never had a job until college without saying it.  Who is cutting your son's w2 with no federal taxes taken out, your family office?

Of course you claim you are a dependent.  There's a box to tick - can anyone else claim you as a dependent?  Yes.  Then you get 95% of your money back because everything you paid in is under the exemption.  Being a dependent doesn't erase the exemption.  95% of teens are working somewhere like the grocery store, fast food, or movie theater, and yes they are having federal taxes withheld.
[/quote]
Oh, I worked my way through college, but like  I said, federal taxes don't get take out if you enter your w4 correctly. Medicare and social security taxes can't be refunded.

My point was that if you are dependent, and you did not make more than $12K, AND you didn't have any federal taxes taken out (you can see it on the w2), then why file the taxes?[/quote]

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