Dependent tax filings

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Offline fahmidaemran

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Dependent tax filings
« on: October 17, 2018, 05:20:10 PM »
Dependent tax filings

All taxpayers who are claimed as a dependent on someone's tax return are subject to different IRS filing requirements, regardless of whether they are children or adults. A tax return is necessary when their earned income is more than their standard deduction. However, the threshold decreases to income greater of $1,050 or the sum of $350 and the person's earned income. A dependent's income is unearned, when it comes form sources such as dividends and interest.
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Fahmida Emran
Lecturer,
Department of Business Administration
Faculty of Business & Economics
Daffodil International University