Unmarried Dependent Students and Tax Filing Requirements in 2015

Deciding whether to file taxes can be perplexing, especially for unmarried dependent students. This article delves into the specific requirements for tax filing based on income levels and other factors for the year 2015. It provides guidance on the considerations that should be taken to determine if you need to file a tax return.

Key Points to Consider

The decision to file a tax return hinges on two primary factors: your income levels and the special situations that require tax filings regardless of income. This article outlines these factors for the 2015 tax year.

Income Thresholds for Filing

The IRS provides specific income thresholds for dependent students to determine if they need to file a tax return. The rules are outlined in Publication 501, which details the filing requirements for dependents in the United States.

Publication 501 Filing Requirements

For unmarried dependent students, the filing requirements are as follows:

Unearned Income: If your unearned income exceeded $1,050, you should file a return. Earned Income: If your earned income exceeded $6,350, you should file a return. Gross Income: For gross income, if it exceeded the larger of $1,050 or your earned income up to $6,000 plus $350, you should file a return.

For the 2015 tax year, these thresholds remain the same. However, it's important to verify any changes or updates for the most recent tax year.

Special Situations That Require Filing

Beyond income thresholds, there are several special situations that may necessitate tax filing, regardless of your income levels. Here are the specific conditions:

Special Taxes: If you owe any special taxes, such as the alternative minimum tax, additional taxes on qualified plans, social security or Medicare tax on certain wages, household employment taxes, or recapture taxes, you must file. Insurance Benefits: If you or your spouse received distributions from Archer MSAs, Medicare Advantage MSAs, or health savings accounts. Self-Employment: If you had net earnings from self-employment of at least $400, you would need to file. Church Wages: If you received wages of $108.28 or more from a church or qualified church-controlled organization exempt from employer social security and Medicare taxes. Health Subsidies: If you or someone on your behalf received advance payments of the premium tax credit or health coverage tax credit.

Withholding and Refunds

Even if you do not owe any taxes, if income taxes have been withheld from your wages, you are entitled to a refund. However, you must file a tax return to receive the refund.

Conclusion

For unmarried dependent students in 2015, the decision to file a tax return depends on whether your income meets certain thresholds and if any of the special situations apply to you. It is always advisable to review the latest IRS guidelines to ensure compliance and to consult with a professional tax expert if needed.

Additional Resources

For the most accurate and up-to-date information, consult the following resources:

Publication 501 - Exemptions, Standard Deduction, and Filing Information Form 1040 Tax Return Form 6251 - Alternative Minimum Tax - Individuals