Quote:
Originally Posted by wutamess
I knew I was treading lightly. That's true but the way I understood it was they don't have to file taxes so just keep records of the income they made.
Win-win for all.
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Correct that a dependent minor doesn't have to file taxes unless they earn more than 12.4k.
For those interested, allowance does not count as earned income. Earned income is defined by the IRS as money earned from a W-2 job, or from self-employment like babysitting.