If the 16 year old has sufficient income, yes.
There is no age limit on who has to pay income taxes.
Even if the 16 year old is not required to pay income tax, he can file an income tax return to get back any withholding that was taken out of his salary.
Refer to Tables 1, 2, and 3 on pages 2, 3, and 4 of Publication 501 to determine if you are required to file a federal tax return:
http://www.irs.gov/pub/irs-pdf/p501.pdf
Since a 16 year old will probably be a dependent of his parents, tables 2 and 3 will apply.
Note that the 16 year old may also have to file state income returns. Refer to the instructions that come with your state's tax forms or the web site of your state's taxing agency to determine if a state tax return is required.
If they have regular income, they have to. (They will likely not have to pay much anyway, though.)
Your parents should include you in theirs.
Maybe.
Refer to Tables 2 and 3 on pages 3 and 4 of Publication 501 to find out:
http://www.irs.gov/pub/irs-pdf/p501.pdf
They can sign their own return.
Is he sixteen years old? Anonymous
nope
sixteen years old
He is sixteen years old
Tori Vega is sixteen years old.
He is about sixteen years old.
A century is 100 years, so sixteen centuries would be 1,600 years.
He is not required to file a return at that income level but if any taxes were withheld, he should file so that the gets a refund of the taxes he paid in for federal and state withholding.
A sixteen year old can file income tax and, if the 16 year old had sufficient income, the 16 year old must file tax. There are no upper or lower age limits on income tax obligations. Even if the 16 year old didn't owe any tax, if taxes were withheld from the 16 year old's wages, the 16 year old should file in order to receive a refund.
no
No you don't, it is considered hobby money unless you made $5,000 or more, then you DO have to file.
Tim Lopez is sixteen years old