How Much Money Can A Teenager Make Without Paying Taxes. At any age if you are a dependent on another persons tax return and you are filing your own tax return your standard deduction can not exceed the greater of 1100 or the sum of 350 and your individual earned income. A 15-year-old who works after school for instance and earns less than 1100 would owe nothing in taxes.
Head of household under 65. A 15-year-old who works after school for instance and earns less than 1100 would owe nothing in taxes. As the leader in tax preparation more federal returns are prepared with TurboTax than any other tax preparation provider.
Even if teens dont make enough money in earned income to file a tax return if they have unearned income in the form of interest and dividends that amount combined with earned income could prove enough to make filing taxes a necessity.
Gross income is more than the larger of 1100 or earned income up to 11850 plus 350. An unmarried dependent student must file a tax return if his or her earned or unearned income exceeds certain limits. But generally you can earn around 10000 per year before having to pay any taxes. If your income is below the threshold limit specified by IRS you may not need to file taxes though its still a good idea to do so.
