Yahoo Answers is shutting down on 4 May 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Should I file taxes for my 10 year old daughter who earned $350?

My 10 year old daughter was an actress for a web commercial, she earned $350 for the year 2020. My 8 year old daughter was an extra in this commercial and she earned $150. Do I have to file for both, or only one or nobody?

8 Answers

Relevance
  • Anonymous
    3 months ago
    Favourite answer

    They don’t make enough. It’s $12,000 per person. 

    The only reason to report it it is if you want to get a jumpstart on their earnings. Your social security is based on the salary of your last 20 years so the earlier she starts, the more money she’ll get when she retires. 

  • ?
    Lv 7
    2 months ago

    If income tax was withheld you need to file to get a refund otherwise no need

  • Anonymous
    3 months ago

    Well sh*t!!  Your 10 year old and 8 year old combined earned more in one year than I ever did in a lifetime.

  • Judy
    Lv 7
    3 months ago

    Under $400, so they don't have to file.

  • 3 months ago

    No.  That is not enough income to worry about.  Put it away for them when they turn 18, adding interest.

  • 3 months ago

    Probably not.  A person with under $400 of income for the year usually doesn't have to file.

  • ?
    Lv 7
    3 months ago

    No, don't bother, its not enough income that they would owe taxes.

  • 3 months ago

    i would ask a tax place this question

Still have questions? Get answers by asking now.