Legacy Tax & Resolution Services

Ask the Taxman- When is an employed teenager (age 17) obligated to do/pay taxes?

Ask the Taxman- When is an employed teenager (age 17) obligated to do/pay taxes?

Source:  Quora

Answer:

Anyone regardless of age is required to file once the meet the filing requirement. That filing requirement for someone who is 17 would depend one whether they are being claimed as a dependent or not and the level and type of income.

Filing requirement for a single is $12,550, unearned income (like from investments or trusts) of at least $1,100, or self-employment income over $400.

This may also help

https://apps.irs.gov/app/vita/content/globalmedia/teacher/Filing_req_threshhold_aca_4012.pdf

Share this post with your loved one!

Facebook
Twitter
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

Categories