Question

I'm 16 filing my own tax for the first time will I receive an unearned income in my tax return

Forum|Forum|7 years ago
June 1, 2019
1 reply
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I'm 16 I did my taxes by myself will I receive my own unearned income

TurboTax Free Edition Online

Employee

No. There is an age limit (25). But if you are claiming a child dependent, you will get the EIC. You cannot get the EIC if you are a dependent, or can be a dependent, on someone else's return, e.g. your parents.

Hal_Al

Employee

There is a rule that says IF somebody else CAN claim you as a dependent, you are not allowed to claim your own exemption, even if they don't actually claim you. If you have sufficient income (usually more than $6300), you can & should still file taxes; you just doesn’t get your own $4050 exemption (deduction). In TurboTax, you indicate that somebody else can claim you as a dependent, at the personal information section.