Tax Tip #11: Check Your Children Tax Filing Requirements

Tax Tip #11: Check Your Children Tax Filing Requirements

Check your children tax filing requirements as they may have to file an income tax return.

Generally, a return is required if the child had wages of more than $5,950, self-employment earnings over $400, or investment income (such as dividends, interest, and capital gains) over $950.  If your child had both earned and investment income, other thresholds apply.

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