Your child may have to file
a 2015 income tax return depending on several factors, including the total
amount of income he or she received. For instance, if wages are the only source
of income, your child can generally earn up to $6,300 during 2015 before a
federal tax return is necessary. However, unless your child can claim an
exemption from withholding, a return may be required even when wages earned are
lower than the filing requirement. That's because filing is the only way to
claim a refund of overpaid taxes. In addition, self-employment income, tips,
and interest, dividends, and stock sales can affect the filing requirement.
Contact us at (518) 798-3330 if you want details.
