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In the United States, a 17-year-old is typically considered a dependent for tax purposes if they are living with their parents and meeting certain criteria. For the 2023 tax year, the standard deduction for dependents is limited to the greater of $1,250 or their earned income plus $400, up to the standard deduction amount for single filers (which is $13,850). Consequently, a 17-year-old with income might fall into the 10% tax bracket for earnings up to $11,000, depending on their total income. However, if their income exceeds certain thresholds, they could be subject to higher tax rates.
What else can I help you with?
Can you claim your 17 year old as a dependent on your taxes in Massachusetts?
Yes WHEN all of the rules are met by you and your 17 year old child to qualify you to do this on your income tax return.
Can you claim an exemption for your working 17 year old?
Yes, you can claim an exemption for your working 17-year-old as a dependent on your tax return, provided they meet certain criteria. They must be your child, live with you for more than half the year, and not provide more than half of their own support. Additionally, they should not have filed a joint tax return unless it's solely to claim a refund of withheld taxes. Always consult the latest IRS guidelines or a tax professional for specific eligibility details.
Does a 17 year old file a tax return?
Generally, they are claimed as a dependent and included with their parents. However, if that isn't the case, and they made income, they would need and want to. See the q; How much income do you have to earn before you file income tax
If you are 17 years old and make about 2000 dollars do you get a tax refund?
This could be possible if your income tax return is filed correctly and some income tax was withheld form the 2000 that you made.
What is tax rate if married filing jointly with 2 children and gross income 75000?
Under these circumstances and income your tax calculation would go like this: $75,000 - (3,900 X 4 exemptions) - 12,200 (Std. Deduction) = $47200 Taxable Income. Your total income tax will be $7,728.75. Your top tax rate on the highest part of your income is in the 25% bracket but in reality your real tax rate is about 10% after you deduct your standard deduction and exemptions. This is not considering your child tax credits if your children are under 17 years old or any other credits like dependent care credits or such.
Are there tax credits available for a 17 year old tax payer?
Not for a dependent on another taxpayers income tax return.
Can you claim your 17 year old as a dependent on your taxes in Massachusetts?
Yes WHEN all of the rules are met by you and your 17 year old child to qualify you to do this on your income tax return.
My son will be 17 in April 2009 can you claim him this year and next year?
The key age is how old the dependant is on December 31st of the tax year.
How old is a 17 year old?
A 17 year old is 17 years old.
Is a 17 year old considered a runaway in Texas?
Yes, unless you are emancipated. The answer according to the state attorney generals office is no. If the person ran away after turning 17 then that person can not be picked up and returned to the parent, especially if the parent knows where the child is at. If the 17 year old has a job and files a tax return then in the eyes of the state that 17 year old has established themselves as an "adult"
Can a 17 year old move in with an 18 year old friend. if the 18 year old can provide everything the 17 year old needs?
If a 17 year old wants to move in with an 18 year old then the person who is 17 needs to ask their parents to move in with this friend scince the 17 year old is not an official adult
Is it okay for a 17 year old to date a 23 year old?
It is okay for a 17 year old to date a 23 year old
Can a 17 year old get married to a 32 year old in Massachusetts?
If the 17 year old has the permission of the parents.
Can a 18 year old marry a 17 year old in NY?
If the 17 year old has parental consent.
Can a 17 year old girl move out with a 19 year old in IL?
No, a 17 year old can not move out with a 19 year old in Illinois without parent approval. If the 17 year old has approval, they can move out.
What should a 17yr old claim on his W-4 for his first job?
Probably single and -0- to be sure that enough income tax is withheld from his gross pay which will mean a smaller paycheck each pay period but if the 17 year old should end up with a income tax liability when the income tax return is completed correctly the 17 year old may not owe any income tax money to the IRS and could possibly receive a refund of some of the amount that was withheld.
Can a 21 year-old Marine marry a 17 year old?
If they have the permission of the 17 year old's parents, yes.
