Question

Claiming minors income

Forum|Forum|3 years ago
January 25, 2023
1 reply
0 views

No text available

Ask the Experts - Tax Law Changes - Jan 2023

If you have minor children that work, you will not claim their income on your return. If they earned more than $12,950 they will need to file their own return. If they earned less than that and had taxes withheld, they can file a return to claim a refund of the taxes withheld.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

X

xmasbaby0

Employee

MY DEPENDENT HAD A JOB

If your dependent has a W-2 for his after-school job, summer job, etc. you do not include the information on your own return. You can still claim your child as a dependent on your own return. He/she can file his own return for a refund of some of his withheld wages (he won’t get back anything for Social Security or Medicare), but MUST indicate on it that he can be claimed as a dependent on someone else’s return. (Supervise this closely or prepare it for him!)

If your dependent’s earnings were over $400 and were reported on a 1099Misc or 1099NEC then he must file a return and pay self-employment tax for Social Security and Medicare.

You might also want to use free software from the IRS Free File versions:

https://apps.irs.gov/app/freeFile/

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

X

xmasbaby0

Employee

@MW777 Or are you asking about something else---like investment income your child received? Or survivor benefits? Please clarify what kind of income your minor child received.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**