Can my 17 year old file his own taxes
WebJul 9, 2024 · For 17 year old’s who live on their own, the income tax threshold is $12,000. If you are classed as a child dependent by your parents, guardians, or other relatives (they … WebMay 31, 2024 · His income is not relevant under the rules. If his income is from wages reported on a W-2 he can file a return to get a refund of the taxes withheld. Income of $6,300 or more reported on a W-2, he must file a tax return.
Can my 17 year old file his own taxes
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WebFeb 9, 2024 · • For tax year 2024, the Child Tax Credit is up to $2,000. The Credit for Other Dependents is worth up to $500. • The IRS defines a dependent as a qualifying child (under age 19 or under 24 if a full-time … WebCan I claim my 17 year old on my taxes 2024? 17-Year-Old Children Answer: Yes. If you meet all the other rules for taking the child tax credit, you can claim the credit for your daughter when you file your 2024 Form 1040. The age for children qualifying for the credit for 2024 is 17 and under (a change from 2024's requirement of 16 and under).
WebMy 16 year old filed his taxes without my help and got the $1400 Recovery Rebate Credit . ... I didn't know you could even file your own taxes if under 18. I don't think I ever filed a … WebMay 31, 2024 · He must file his own tax return if his earned income was over $6300, or if he had net earnings from self-employment of at least $400. Even if his income fell below these thresholds, although not required he'd have to file a return if he wanted a refund of any withheld taxes (as explained above by xmasbaby0).
WebJun 3, 2024 · Since her mother claimed your wife as a dependent on her taxes, you wife can't file a joint return with you for the year. Your wife can file as "married filing separately" and indicate in the Personal Info that someone else claimed her … WebJun 10, 2024 · Your child can still be claimed as your dependent if they meet these IRS requirements: They’re related to you by blood, adoption, or you foster them They’re under age 19 (or a full-time student under 24) They rely on you for more than half of their financial support They live with you for more than half of the year (with some exceptions)
WebDec 10, 2024 · Only a qualifying child’s income can be claimed on a parent’s tax return. A qualifying child has to meet at least four criteria: They must be your child or stepchild, or a brother, sister, stepsibling, or foster …
WebMay 31, 2024 · My 17 year old has his own w2 forms. do I still claim him? You should be able to claim the child as a dependent under the Qualifying Child rules if they meet all the … black and gold quiltsWebSep 7, 2024 · Is there an age limit on claiming my child as a dependent? If the parents of a year-old child never married but live together with the child for the tax year, and both contribute to the cost of maintaining the household for the child and themselves, may they both file as head of household? dave clark beatriceWebJun 3, 2024 · You can file and claim her, but if she claimed her exemption, the return will be rejected and you will not be able to e-file. Your daughter will need to amend her tax … dave clark beatrice exWebDec 5, 2024 · The 2024 tax year standard deduction for single taxpayers jumped to $12,000 as a result of the new Tax Cuts and Jobs Act, up from $6,350 in 2024. A dependent youth can earn up to that much and not ... dave clark five everybody knows 1967WebMay 31, 2024 · The IRS rule is if he CAN be claimed on another person's return he cannot claim his own exemption. If your dependent has a W-2 for his after-school job, etc. you … dave clark five ed sullivan showWebMar 15, 2024 · Young adults who didn’t file on their own in 2024 and weren’t claimed as a dependent, but will file in 2024, will still be able to receive their first stimulus check. The IRS says taxpayers... black and gold queen size comforter setsWebFeb 11, 2024 · Someone who was a dependent age 17 or older in 2024, however, could get both stimulus payments as a tax credit by filing independently for 2024. Joanne Burke, a financial planner in Vienna, Va., points to her daughter as an example. Burke claimed her daughter as a dependent on her 2024 taxes. dave clark five bits and pieces lyrics