Beginning in 2018, a minor who may be claimed as a dependent has to file a return once their income exceeds their standard deduction.
For tax year 2018 this is the greater of $1,050 or the amount of earned income plus $350.
Does my child need to file a tax return 2019?
For the 2018 tax year, which is filed by the April 15, 2019, deadline, minor children claimed as a dependent on your tax return must file their taxes—that is, you must file on their behalf—if they meet any of the following conditions: Unearned income is greater than $1,050. Earned income is greater than $12,000.
What is the minimum income to file taxes in 2018?
The minimum income amount depends on your filing status and age. In 2018, for example, the minimum for single filing status if under age 65 is $12,000. If your income is below that threshold, you generally do not need to file a federal tax return.
Who must file a tax return 2018?
When determining whether you need to file a return, you don’t include tax-exempt income. In 2018 for example, if you are under age 65 and single, you must file a tax return if you earn $12,000 or more, which is the 2018 standard deduction for a single taxpayer.
Do students have to file a tax return?
Do College Students Need to File Taxes? Like the answer to any tax question, it depends. Students who earned an income of less than $12,000, which is the standard deduction, aren’t required to file a tax return. But they may still want to file if they had income taxes withheld on their paychecks.