If you have been claimed as a dependent but also earned more than the minimum threshold of income for the year as dictated by IRS filing requirements, then you are responsible for paying your taxes. However, there is some confusion regarding dependents and taxes. When you’re claimed as a dependent, the person is only claiming an exemption for you – not your income. Understanding whether or not you can file taxes if you have been claimed as a dependent will help you avoid any frustrating obstacles on the path towards filing and possibly receiving a tax refund.
If you meet the minimum income reporting requirements established by the IRS, then you are required to file taxes. This holds true for those who have been claimed as dependents and those who have not. Generally speaking, individuals who have paid any tax through their place of employment throughout the year should submit a return in order to gain access to any refunds that they may be owed.
What It Means to Be Claimed as a Dependent
A dependent is someone – a child or relative – other than yourself or your spouse for whom you can claim a dependency exemption. The IRS has several tests that determine who is a qualifying relative or child. These include age, level of support, relationship, residency and other requirements. Once you are able to be claimed as a dependent by another taxpayer, he will receive a dependency exemption that reduces the amount of his taxable income.
For tax year 2017, the dependency tax exemption was $4,050. This amount used to be subject to phase-out at higher tax brackets; it completely phased out after $384,000 in income for single filers, and $426,300 for married couples who file jointly. However, due to the 2017 tax act, personal exemptions have been suspended through 2025.
Read More: Filing Your Income Tax Return
How Being Claimed as a Dependent Affects Your Taxes
When you’re claimed on someone else’s taxes, you still may be required to file taxes on any income you earn more than a certain amount, but you will not be able to claim an exemption for yourself when you go to file. This is because the IRS allows each individual, regardless of whether she files taxes herself, to be claimed on only one tax return per year. For instance, both parents cannot claim the same child on their returns unless they’re filing jointly. This also means that you cannot claim a personal exemption for yourself – even if you owe taxes – when someone else claims you as a dependent.
Dependents also cannot claim any dependents on their own tax return. In this case, if you’re a dependent of someone else, you can’t claim your child as a dependent on your return. Potential dependents can’t file jointly unless their spouse is due a refund and other requirements such as citizenship stipulations are met. It is best to familiarize yourself with the IRS website, or consult your tax preparer for more information regarding how being claimed as a dependent can affect your personal tax filings.
IRS Minimum Income for Filing Thresholds for Dependents
Every year the IRS announces new minimum income thresholds before filing taxes becomes mandatory. These thresholds typically depend upon age, filing status and marital status, but the minimum filing requirements for dependents are different.
The minimum earned income requirements before dependents are required to file for 2019 are as follows:
- Under 65 and not blind – more than $12,200
- 65 and older and not blind – more than $13,850
- 65 and older and blind – more than $15,500
Once you earn more than one of these amounts, you are required to file taxes, even if you’re claimed as dependent. However, if your income comes from self-employment, then your minimum filing requirement is $400 in earnings for the year, regardless of age. While you may not have to file taxes if you earn less than the minimum requirement, you might want to anyway. If any taxes were withheld from your pay, you can get them back in the form of a refund.
- Forbes: IRS Announces 2020 Tax Rates Tables. Standard Deductions, Exemption Amounts And More
- Turbo Tax: Do I need to file my own taxes if I'm a dependent?
- The College Investor: What To Do If My Parents Claimed Me On Their Taxes?
- Policy Genius: Who can I claim as a dependent and why would I want to?
- IRS: Publication 501 (2019), Dependents, Standard Deduction and Filing Information
- IRS: Self-Employed Individuals Tax Center
- CBO.gov: How Dependents Affect Federal Income Taxes
Tara Thomas is a Los Angeles-based writer and avid world traveler. Her articles appear in various online publications, including Sapling, PocketSense, Zacks, Livestrong, Modern Mom and SF Gate. Thomas has a Bachelor of Science in marine biology from California State University, Long Beach and spent 10 years as a mortgage consultant.