Income tax filing?

Question

my 15 yr old daughter worked at McDonalds since February. Will she be able to file on her own or will my husband & I have to add her to ours?

Answer 1

Yes, and yes.

An individual MUST file their own federal tax return if they expect to have a federal income tax liability. This translates to, "Taxable Income" is $ 1.00 or more" -- taxable income is the resultant figure, near the middle of side 2 of Form 1040, after gross income is entered on line 7, the adjustments, if any, are added or subtracted (giving AGI -- on line 37), and then the exemption(s) and deduction(s) (on side 2), usually totalling $ 8,450.00 dollars for a single taxpayer for 2006, are subtracted from AGI.

It is advisable that an individual SHOULD file their own federal tax return if she expects to be entitled to a refund of any FITW, even if she earned less than the amount needed to incur a federal income tax liability, since filing an income tax return is the only way to get that extra withheld money back from the IRS.

And yes, if your daughter is still meeting the criteria as a "dependent, " she is entitled to have her name and SSN/ITIN listed on your federal income tax return as YOUR DEPENDENT. This obtains a $ 3,300.00 exemption for YOU (as a "married filing jointly" couple), or for one of you, if "married filing separately."

However, any income she earned, has nothing to do with the income you and you husband might have received, which you two account for as "married filing jointly," or as "married filing separately." Her income, if necessary, or if advisable, is ALWAYS accounted for strictly on HER OWN tax return, since there does not exist any filing status for three or more taxpayers filing together as a "group."

You account for any income YOU received, one time only, under your SSN's/ITIN's. Your daughter accounts for her income one time only, under her separate and unique SSN/ITIN, with her name and SSN/ITIN in the upper right-hand corner of her own income tax return, the way her employer reported it to the IRS. Even an infant, if he/she received income (as a gift, for example), if sufficient to have an income tax liability, needs a separate federal income tax form filed for him/her under his/her SSN/ITIN.

Answer 2

Since I do not know your resident state, I will answer for the federal only. If her income is less that 5000, she will file to receive a refund on any federal taxes withheld. She will file her own return, taking the standard deduction only, no exemption, however, you will still have her on your return as a dependent. You do not add her income to yours.

Answer 3

If she has a social security card, she can file on her own. Tell her not to spent all of her tax refund at the same place!!

Answer 4

She'll file her own return, indicating on it that she's a dependent, assuming that she still can be claimed by you and your husband.

Answer 5

her income is prob less than 9000?

she can file to get any tax she paid--yes..
you can still claim her as your dependent..............