"ttyymmnn" (ttyymmnn)
01/24/2020 at 15:41 • Filed to: taxlopnik
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"ttyymmnn" (ttyymmnn)
01/24/2020 at 15:41 • Filed to: taxlopnik | 0
| 24 |
My son worked P/ T as a busboy at a neighborhood restaurant last summer. They sent him a W-2. Does he have to file?
TorqueToYield
> ttyymmnn
01/24/2020 at 15:46 |
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Seems like you don’t need to file taxes if you make less than the standard deduction (about $12k)
Disclaimer: I am not an accountant - I do google things a lot.
lone_liberal
> ttyymmnn
01/24/2020 at 15:46 |
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I don’t think so. https://www.usatoday.com/story/money/2019/03/01/what-minimum-income-file-taxes-2019/3029811002/
But if he wants to be sure there is this tool https://www.irs.gov/help/ita/do-i-need-to-file-a-tax-return
jminer
> ttyymmnn
01/24/2020 at 15:48 |
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Before this last tax law change the answer was no to under $1k of earnings but I am not 100% sure on this anymore.
E90M3
> ttyymmnn
01/24/2020 at 15:49 |
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I think TorqueToYield might be right, but then you wouldn’t get anything back assuming you’re owed a refund. Might only be $32 for the kid, but still a good idea to teach the kid how to do taxes.
shop-teacher
> ttyymmnn
01/24/2020 at 15:50 |
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I don’t think he has to, but I believe he’ll get $85ish bucks back that was withheld if he does file.
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ttyymmnn
> shop-teacher
01/24/2020 at 15:52 |
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Well, that alone would make it worthwhile. Would take about 5 minutes to fill out an EZ.
Highlander-Datsuns are Forever
> ttyymmnn
01/24/2020 at 16:00 |
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But if you are claiming him as a dependent he doesn’t get a standard deduction right?
If only EssExTee could be so grossly incandescent
> ttyymmnn
01/24/2020 at 16:01 |
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My understanding is that i f he files for a tax return , you can’t claim him as a dependant.
Cé hé sin
> ttyymmnn
01/24/2020 at 16:02 |
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I do tax, just not your type!
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ttyymmnn
> Highlander-Datsuns are Forever
01/24/2020 at 16:09 |
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No idea. My wife does the taxes.
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ttyymmnn
> If only EssExTee could be so grossly incandescent
01/24/2020 at 16:09 |
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That makes sense.
I like cars: Jim Spanfeller is one ugly motherfucker
> If only EssExTee could be so grossly incandescent
01/24/2020 at 16:12 |
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I don’t think so. My dad does taxes and though he’s always claimed me as dependent, he’s also always filed my taxes.
He’s also had witholdings taken which he is entitled to and will only get back if his taxes are filed.
jimz
> ttyymmnn
01/24/2020 at 16:16 |
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might as well get him started now.
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ttyymmnn
> jimz
01/24/2020 at 16:18 |
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Not if I have to drop him as a dependent.
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shop-teacher
> Highlander-Datsuns are Forever
01/24/2020 at 16:18 |
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He does not get the standard deduction, but I remember for years that I made under a few grand a year, while my parents were (rightly) claiming me as a dependent, I always got money back by filing.
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jimz
> ttyymmnn
01/24/2020 at 16:22 |
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I don’t think he pulled in nearly enough in order to prevent you from claiming him as a dependent.
diplodicus forgot his password
> ttyymmnn
01/24/2020 at 16:22 |
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There hasn’t been an ez form since 2017
facw
> If only EssExTee could be so grossly incandescent
01/24/2020 at 16:24 |
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Pretty sure that’s not true. You list on your taxes if anyone can claim you as a dependent, which has implications for what you can claim.
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facw
> ttyymmnn
01/24/2020 at 16:26 |
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I always did taxes for my student jobs. May as well do them, or use this calculator thing: https://www.irs.gov/help/ita/do-i-need-to-file-a-tax-return
It will be good practice regardless.
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ttyymmnn
> diplodicus forgot his password
01/24/2020 at 16:28 |
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Like I said to somebody else, my wife does the taxes. I just stand there and rub her shoulders and keep her coffee cup full.
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ttyymmnn
> facw
01/24/2020 at 16:29 |
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Would I lose him as a dependent?
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facw
> ttyymmnn
01/24/2020 at 16:45 |
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I think y ou should still be able to claim, as long as his filing says that someone can claim him as a dependent.
ITA97, now with more Jag @ opposite-lock.com
> ttyymmnn
01/24/2020 at 17:53 |
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His filing at this kind of income shouldn’t impact you claiming him as a dependent. He probably doesn’t have to file either, but he should. Both because he’ll learn something and to get his $32 back. That’s gas and beer money, after all.
LastFirstMI is my name
> ttyymmnn
01/24/2020 at 22:31 |
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Was he working as a busboy in Grand Cayman or Panama? Then- no, you don’t need to pay taxes or follow any internationals laws for that matter.