I have a dependent W2 question. This is the first year my child received a W2. Will she need to file taxes separately?
Your dependent child must file a return if either of these is true about your child’s income:
- The child has unearned income over $1,050
- The child has earned income over $6,350
The child has gross income (earned and unearned) which is more than the larger of these:
- Earned income (up to $6,300) plus $350
If you’re itemizing deductions, the IRS generally allows you a medical expenses deduction if you have unreimbursed expenses that are more than 7.5% of your adjusted gross income for tax years 2017 or 2018. You can deduct the cost of care from several types of practitioners at various stages of care.
Looking for virtual tax help with your online filing? Learn more about your options by comparing TurboTax Live to H&R Block Tax Pro Review and Tax Pro Go.
Unfortunately, the cost of your engagement ring can't be deducted as a write-off on your personal income taxes. H&R Block tax pros explain why.
What does it mean to be an enrolled agent? Learn more about the roles and requirements of enrolled agent (EA) tax preparers at H&R Block.