In the United States, the age at which an individual must start paying taxes is not determined by a specific age, but rather by income thresholds. The Internal Revenue Service (IRS) requires all taxpayers, regardless of age, to file a tax return and pay the appropriate income tax in any year their gross income exceeds certain levels. For dependent children, the filing requirements are different from those of other taxpayers. A dependent child who has earned more than $13,850 of earned income (tax year 2023) typically needs to file a personal income tax form. Earned income includes wages, tips, salaries, and payment from self-employment. Additionally, a dependent child who receives more than $1,250 in investment income (tax year 2023) is required to file a tax return. Investment income includes interest and dividend payments.
There is no specific age limit for filing taxes if the individual meets certain conditions. For example, a dependent child must be under age 19 at the end of the tax year, or under age 24 if a full-time student, to be claimed on their parents tax return. However, if their income exceeds certain thresholds, they will need to file a tax return regardless of their age.
In summary, the age at which an individual must start paying taxes in the United States is not fixed, but rather depends on income thresholds. If a dependent childs income exceeds certain levels, they are required to file a tax return, regardless of their age.
