A dependent (child under 19 years old or a fulltime student under 24 years old who receives more than half of his support from the parents) is required to file a tax return on certain conditions:
- The income of your child is in excess of the basic standard deductions; or,
- The child has unearned income from trust, family partnership, or other sources in excess of $700.
- If the income of your child is not more than $7,000; or,
- If the income of your child is over $7,000 and its sources are interests and dividends; and,
- Your child did not withhold any taxes or did not make any advance payments within the taxable year and did not receive any tax refund from a previous taxable year.