A common concern of parents, is does a child have to files taxes. There a number of situations in which a child has to file taxes. If you are able to claim them as a dependent, they will have to file a tax return if certain conditions are met.
Earned income is money that you received from someone who pays you, or you work in a business you own.
Unearned income is money that you receive, but did not work to earn it. It is commonly in the form of interest and dividend.
Child Is Single
If the child is single, and they are not over age 65 or blind they must file if they had more than $5,700 in earned income, or unearned income in excess of $950. If the child is single, and over age 65 or blind, they must file taxes if there unearned income was greater than $2,350, or if earned
income was more than $7,100. If the child was over 65 and blind, these figures would be increased by $1,400.
Child is Married
A married child, who is not over the age of 65 or blind must file if they have unearned income greater than $950, or unearned income greater than $5,700. A married child who is over 65 or blind must file is there unearned income was more than $2,050, or there unearned income was more than $6,800. If they are over 65 and blind, these figures are increased by $1,100.
Child Should File, Even If Not Required Too
One situation, in which your child will want to file taxes even if they are not required to file, is if they had taxes taken out of pay checks and they are eligible to get a refund. They would file, and if they are a dependent they would mark that they are being claimed as a dependent on someone else’s return.