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February 14, 2021
Question

If my son only made 1,372.73 doe he have to file a return?

  • February 14, 2021
  • 1 reply
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1 reply

February 14, 2021

It depends if he earned the income or if it was unearned income. If it was unearned income then he will have to file.

 

Please see the filing requirements for dependents:

  • Your earned income (money you made by working) exceeds $12,400
  • Your unearned income (interest, dividends, capital gains, etc.) exceeds $1,100
  • Your business or self-employment net income (gross minus expenses) is at least $400
  • Your gross income (earned plus unearned) exceeds the larger of $1,100 or your earned income (up to $12,050) plus $350
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