Tax Tip #11: Check Your Children Tax Filing Requirements

 In Blog, Educational Issues, Tax Tips

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.

Need help? Contact us at 559.924.1225.

Recent Posts
Contact Us

Send us an email and we’ll get back to you asap!