my 17 yr old earned 10000 and wants to file but i still claim him. will he owe taxes?
Yes, he still still have to file for what he made. If he worked at a legitimate business he should have received a tax statement from where he works that has his net earnings and net federal and state (if your state has it) income tax.
Chances are he will only have to fill out a W2-EZ form as I would assume at 17 he doesn't have any property taxes to claim or pay any money on interest from stocks or large sums of money in the bank. But you never know.
by Keith Schroeder6 years ago
I'll be happy to answer them. I have practiced in the tax field for 27 years and enjoy helping others resolve tax issues. If the question requires a large answer I will create a hub page.
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