Submitted By: Terry
Answered: December 2, 2016 1:57 pm

Does a minor (age 14) have to pay income tax on earnings?

Dependents must file a tax return and pay taxes if income exceeds set limits. For 2016, a single dependent under age 65 who is not blind must file a return if any of the following applies:

  • Unearned income was over $1,050
  • Earned income was over $6,300
  • Gross income was more than the larger of (1) $1,050, or (2) earned income (up to $5,950) plus $350

Whether taxes are owed depends on the nature and amount of the income.

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Tax Glossary

Accrual method of accounting

A business method of accounting requiring income to be reported when earned and expenses to be deducted when incurred. However, deductions generally may not be claimed until economic performance has occurred.

More terms