Do Minor Children File Taxes for 1099-INT?

by Michael Keenan
Everyone must file a tax return if they earn enough.

Filing a 1099-INT form with your taxes reports the amount of interest you earned during the year. If you have enough interest income you're required to file a return whether you're a minor or an adult. The thresholds depend on your filing status and, if someone claims you as a dependent, the type of income you had.

Tax Thresholds

If no one claims you as a dependent on their tax return and you were single during the year, you're required to file if you have more than $10,000 of income -- including the amount reported on the 1099-INT form. If you're claimed as a dependent you must file if your unearned income, including what's on the 1099-INT, was more than $1,000. You must also file if your total income exceeds either $1,000 or your earned income plus $350, whichever is greater. Same goes if your earned income was more than $6,100.

About the Author

Mark Kennan is a writer based in the Kansas City area, specializing in personal finance and business topics. He has been writing since 2009 and has been published by "Quicken," "TurboTax," and "The Motley Fool."

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