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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
- Anonymous3 months agoFavourite 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.
- Anonymous3 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.
- babyboomer1001Lv 73 months ago
No. That is not enough income to worry about. Put it away for them when they turn 18, adding interest.
- StephenWeinsteinLv 73 months ago
Probably not. A person with under $400 of income for the year usually doesn't have to file.