trippypea
Established Member
Joined: Apr 12, 2011 20:56:05 GMT -5
Posts: 430
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Post by trippypea on Jan 28, 2020 18:22:24 GMT -5
This year we cashed in the kids' saving bonds to put toward college expenses. They received 1099-INT for the interest on them. One kid had $970 interest and the other $870. Neither kid has a job or any other income. I thought I read something that you only have to file if your unearned income is over $1050 for single, under 65 and not blind people. Anyone know for sure?
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Deleted
Joined: Nov 28, 2024 5:21:37 GMT -5
Posts: 0
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Post by Deleted on Jan 28, 2020 20:18:06 GMT -5
I thought I read something that you only have to file if your unearned income is over $1050 for single, under 65 and not blind people. Anyone know for sure?
Almost correct. Single DEPENDENTS have to file if over $1050 in unearned income (which your kids are I know). But just Single doesn't have to file until 12K of total income, earned and unearned combined. |
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