First year my son earned income and has a W2

Forum|Forum|2 years ago
March 10, 2024
2 replies
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This is the first year my son has earned a salary, as he did some part time work.

I cannot enter the W2, my understanding is that he needs to be filing his own tax records, and state that someone else can claim him (that is me).

But because he earned under $1000, IRS rules and publication 929 (https://www.irs.gov/publications/p929) leads me to believe that this amount is 12550.

Is this the correct understanding? Can someone confirm this? He doesnt have to file and I dont have to enter that W2?

VolvoGirl

Employee

How old is he?

You don't include their income on your return. It would only go on their return if they are required to file one. To file a separate return for your dependent you need to set up a new account. Online is only good for one return per account. You can use the same email address for 5 accounts.

How to start a new online return

Https://ttlc.intuit.com/questions/1894512-how-do-i-start-another-return-in-turbotax-online

Be sure on their return they check the box that says they can be claimed on someone else’s return. If their only income is W2 and under 13,850 they do not have to file a return except to get back any withholding taken out.

Filing requirements for a dependent

https://ttlc.intuit.com/community/children-dependents/help/do-i-need-to-file-my-own-taxes-if-i-m-a-dependent/00/26111

edmond_meAuthor

Thanks for the quick reply. He is only 16, a minor.

So if I understand correctly, he doesn't need to file, since his income was way less than the amount.

The only reason he would need to file is if he wants to reclaim the social security tax withheld?

Thanks again for your quick reply

Edmond

Hal_Al

Employee

Q. So if I understand correctly, he doesn't need to file, since his income was way less than the amount.

The only reason he would need to file is if he wants to reclaim the tax withheld (box 2 of the W-2)?

A. Yes

Hal_Al

Employee

This year the filing threshold is $13,850 (not $12,550).

You do not report his/her income on your return*. If it has to be reported, at all, it goes on his own return. Your dependent child must file a tax return for 2023 if he had any of the following:

Total income (wages, salaries, taxable scholarship etc.) of more than $13,850 (2023).
Unearned income (interest, dividends, capital gains, unemployment, taxable portion of 529 distribution) of more than $1250 (2023)
Unearned income over $400 and gross income of more than $1250 (2023)
Household employee income (e.g. baby sitting, lawn mowing) over $2600 ($13,850 if under age 18)
Other self employment income over $432, including money on a form 1099-NEC

Even if he had less, he is allowed to file if he needs to get back income tax withholding. He cannot get back social security or Medicare tax withholding.

In TurboTax, he indicates that somebody else can claim him as a dependent, at the personal information section.

*If his only income is from interest and dividends, Alaska PFD or capital gains distributions shown on a 1099-DIV, there is a provision for entering it on your return, using form 8814. Enter at Less common income / Child's income.

traceybis

My college son earned 8000 this year and would like to get his withholding back.

what form does he use?

and does he claim his Bright Futures scholarship on the tax form?

Vanessa A

Everyone files a form 1040. He will just walk through the steps of entering his personal info and W-2, then TurboTax will calculate his refund.

If the scholarship was used for anything other than education, then yes, he will claim this as taxable income. He can enter this in the 1098-T section where it asks about any additional scholarships.

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