Can I file taxes at 17 if I work?
Whether your child is required to file a tax return depends on the applicable standard deduction and how much earned and unearned income he or she had during the year. “Earned income” is income a child earns from working. Children over 17 don’t get anything if they are dependents of their parents.
Do I file taxes if I work part-time?
Many teens who work aren’t required to file a return because they work part-time and their annual income doesn’t reach the IRS filing threshold, so whether they’re required to file depends on how much they make in a given year. However, some teens may benefit from filing a return even if it isn’t required.
Can a 17 year old file a tax return?
Indeed a 17 year old can and should file a return when income is above the filing requirement or to get a refund of taxes withheld when there is not any tax due. Whether or not the minor can be claimed as a dependent does not change the fact that they may need or want to file a return. Most 17 year olds…
Can a working teenager file a tax return?
Yet just because a working teen is a dependent doesn’t mean that his parents automatically claim his income on their return. Anyone who earns sufficient income must file a return independently. However, if a dependent doesn’t file, the parents are liable for the tax.
Do you have to file tax return if you work part time?
Filing a tax return can be confusing for both the teen and his parents. Many teens who work aren’t required to file a return because they work part-time and their annual income doesn’t reach the IRS filing threshold, so whether they’re required to file depends on how much they make in a given year.
When do children need to file their own taxes?
By Stephen Fishman, J.D. Sometimes one or more of your children will need to file their own tax returns. This can be true even though they are still your dependents for tax purposes. Generally, a child is responsible for filing his or her own tax return and paying any tax, penalties, or interest on that return.
