Daffodil International University
Faculties and Departments => Business Administration => Business & Entrepreneurship => Accounting – The Language of Business => Topic started by: fahmidaemran on October 17, 2018, 05:20:10 PM
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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.