snoodledoo
Loves Jiminy Cricket
- Joined
- Sep 11, 2005
Any tax experts here? DS17 has a part-time job. If he files a tax return, can we still claim him as a dependent on our taxes? If yes, do we do anything about his income on our tax return? Thanks!
DH makes the kids do their own taxes, he will help if needed.We have filed tax returns for our boys for years and years - thanks to the dreaded kiddie tax
You will still claim them as dependents on YOUR tax returns and report their income on THEIR tax returns.
It would be very hard to make a toddler do their own taxes - kiddie tax starts when they are born . Also, if you are subject to the kiddie tax, the calculations include information from everyone‘s tax returns. One person has to do them all.DH makes the kids do their own taxes, he will help if needed.
I thought the kiddie tax was only on “unearned” income like interest and dividends above $2200?It would be very hard to make a toddler do their own taxes - kiddie tax starts when they are born . Also, if you are subject to the kiddie tax, the calculations include information from everyone‘s tax returns. One person has to do them all.
I thought the kiddie tax was only on “unearned” income like interest and dividends above $2200?
But no one sends out a 1099MISC unless you have paid at least 600 to a person or non corporation as it is not included on the companies 1096. a 1099INT or 1099DIV aka unearned income however is for any amount 10 and over. There are many others but very unlikely to apply to a child. A person however is still expected to file the amount of any income on their tax return with the exception of a bank or stock dividend and other unearned income under 10 from one place. In other words if you have 50 bank accounts from the same bank that earn 5.00 interest on each account you will receive and have to file a 1099INT.The 1040EZ was eliminated after 2017. Rule of thumb is if they had income taxes withheld, they file a return. After that it depends on if they have self-employment income (a 1099Misc) over $400 or unearned income. W2 only income for a non-blind dependent can generally go up to $6,350 presuming no other income.
Did they provide more than half of their own support through working? Otherwise they are your dependents, according to my understanding of the tax laws. The question is not DID someone claim you as a dependent, but CAN someone else legally claim you.Check to see if it makes any difference in your return to claim him. We found because of our income claiming our teenagers didn't make a difference. We had them claim themselves on their returns. They got a bigger refund and it made a difference when applying for scholarships.