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J
jeis26
March 9, 2022
Question

Why do I have to report my parents' income?

  • March 9, 2022
  • 1 reply
  • 0 views
No text available

1 reply

LeonardS
LeonardS
March 9, 2022

You have to report your parent's income if it exceeds the amount required to file.

 

2021 tax filing requirements for filing Married Filing Jointly

  • $25,100 if both spouses under age 65.
  • $26,450 if one spouse under age 65 and one age 65 or older.
  • $27,800 if both spouses age 65 or older.
  • There is an additional $1650 for each person that is blind
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