Reply to My teen made $1733 last year (‘24). Should we have had her file taxes?

Forum Index » Money and Finances

Reply to "My teen made $1733 last year (‘24). Should we have had her file taxes?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]if any state or federal income tax was withheld, she should file (and can still file) because she'll probably get a refund.

if more than $400 of it was net self-employment, she is required to file (see table 3 under who must file at https://www.irs.gov/publications/p501#en_US_2024_publink1000220694 ) and she can still do so

otherwise, no; she is below the requirement to file and wouldn't get any benefit from doing so.[/quote]

This is the right answer.

If she got a 1099 instead of a w-2 then she should have filed (she would probably owe FICA but not income taxes). [/quote]

OP this is correct when paid via W-2. She would not need to file. My DS was paid via 1099 as a tutor, so we filed for him to pay FICA. We had him review everything, sign, etc. because we want him to become familiar with his tax obligations and paperwork (another reason to file).

As others mentioned, it's a good idea to file if your DD contributes to a Roth for the documentation.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics