When your children begin working and they receive their first W2, the question from their parents is often “Do they have to file a tax return?” In this video we will cover:
• At what age are you required to file a tax return
• The $12,400 income threshold
• Tax refunds for children
• Impact on the IRS Stimulus Checks
• Can you still claim them as a dependent if they file a tax return?
• Kiddie Tax