Does Your Child Need to File an Income Tax Return?
March 20, 2024
in Tax Management
As parents, we encourage our children to work, so they can learn important values about work and independence. At what point, if at all, do children need to file an income tax return for the money they earn?
The IRS does not exempt anyone from the requirement to file a tax return based on age, even if your child is declared as a dependent on your tax return.1
Your dependent children must...