Dependent with $1,200 gross income

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  • #3304471

    Under 65 dependent with $1,000 earned income and $200 unearned income = $1,200 gross income has to file a tax return since it is greater than $1,100 per 3 rule below? If So, why children with $2,200 of unearned income are allowed to include that on parent’s return (as kiddie tax) instead of filing their own return per below rule?

    because instructions say:

    You must file a return if any of the following apply.
    • Your unearned income was more than $1,100.
    • Your earned income was more than $12,400.
    • Your gross income was more than the larger of:
    • $1,100, or
    • Your earned income (up to $12,050) plus $350.

    Also when it says under 65, it means

    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - NINJA in Training
    You can have Excuses or Results. You cannot have both !!!
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