Humm... I have no clue, What is the legal "of age" to file income taxes?
2007-03-19 15:40:47 · 11 answers · asked by Amrit S. 2 in Business & Finance ➔ Taxes ➔ Other - Taxes
This Should Apply To California, In The United States
2007-03-19 15:44:46 · update #1
If you have taxable income, at the moment of your birth. The requriement to pay taxes is based upon your income, NOT your age. There are infants who have to file tax returns. Those are filed and signed by their parents, but they are in the child's name.
2007-03-19 16:28:35 · answer #1 · answered by Bostonian In MO 7 · 4⤊ 0⤋
Even a one day old baby may need to file taxes if it has income during the tax year. (Say on interest from a bank account opened in the childs name, income can be for many sources other than wages earned.) If required to file or not depends on the amount of income, but it is advisable to file even if you do not have to, just because it starts the clock running on the time the IRS can claim you owe more money due to an error on your part. If you do not file, there is no time limit on when they can claim that you should have filed or owed more in taxes.
It would fall to the childs parent(s) or guardian(s) to be sure that the proper taxes were filed. The State of Califorrnia, for state taxes also has no age limit. It is the amount of income that any taxable entity has that determines if you are required to file or not.
Generally the cut off is $400 for federal taxes. If you make more than this you must file a return unless you are entitled to a refund. Then you do not have to file, but why wouldn't you?
In Califrornia you MUST file a return even if you are due a refund if....
-You are single or not married and your gross income was more than $13,713 or your adjusted gross income was more than $10,970.
-You are married and your combined gross income was more than $27,426 or your combined adjusted gross income was more than $21,940.
2007-03-19 19:30:03 · answer #2 · answered by Answer Girl 2 · 1⤊ 2⤋
If you make over $400 total for the year, you are required to file a federal tax return. And your age has nothing to do with it.
2016-03-29 06:50:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Any age, my 3 kids under ages of 10 file returns every year. They receive income from interest & dividends. I just have to sign the return for them.
Anthony, CPA
2007-03-20 11:16:47 · answer #4 · answered by Wychdr 2 · 0⤊ 0⤋
http://www.irs.gov/pub/irs-pdf/p17.pdf
Pages 7/8 will give you the answer. If you have income at birth that is taxable, your parents must file your income with theirs, or you may choose an individual return. Page 9 will give further instructions to elect to include child's income on parent's return.
good luck & bless
2007-03-20 04:49:23 · answer #5 · answered by Wood Smoke ~ Free2Bme! 6 · 1⤊ 0⤋
I agree with K somewhat. If you have a job you definately need to file but there are also income levels that determine if you need to file. Look at the IRS website under the topic "Who Should File"
http://www.irs.gov/publications/p17/pt01.html
2007-03-19 15:47:39 · answer #6 · answered by CPA Diva 2 · 1⤊ 2⤋
There is no age. It all depends on how much money you earned through wages. Also, you may have to file if you had Capital Gains those are also highly taxable.
2007-03-19 16:08:32 · answer #7 · answered by Anonymous · 1⤊ 2⤋
I may be wrong but I thought you had to file taxes when you had a job that would report your earnings.
2007-03-19 15:44:12 · answer #8 · answered by kelly-il 3 · 0⤊ 2⤋
1 year old.
My baby boy, Joshua, got a 1099-Misc for $ 10,000 for diaper modeling, and he's only eight months old!
2007-03-21 07:28:58 · answer #9 · answered by bold4bs 4 · 0⤊ 0⤋
16 is for working. file free online
http://www.taxbin.com/
2007-03-19 15:58:17 · answer #10 · answered by Anonymous · 0⤊ 3⤋