SOLVED. Thanks all.
I have two situations that I need some advice/help on.
Background: Younger son gets SS because he is a minor and DH is collecting SS. Younger son had a job last year and earned about $4k of income.
I've been digging into turbo tax and the internet for answers to my two questions.
Question 1: Does the SS factor in to either our (parents) tax filing or son's? It appears it does not - since our son's income was below the deduction amount. Turbo tax would not let me enter it on either form. Just looking for confirmation from this intelligent group of wonks. (Wonk is a term of endearment in my world.)
Question 2: I've completed son's tax filings so he can get his withheld tax back. There does not seem to be a place to input his earnings on our filing to correctly address the Obamacare premium tax credits. I know that the tax credits are based on *household* income, including the kids w2 income, but there doesn't seem to be a way to include that for the PTC calculations. Any idea of what form I should be looking for?
Thanks in advance.
I have two situations that I need some advice/help on.
Background: Younger son gets SS because he is a minor and DH is collecting SS. Younger son had a job last year and earned about $4k of income.
I've been digging into turbo tax and the internet for answers to my two questions.
Question 1: Does the SS factor in to either our (parents) tax filing or son's? It appears it does not - since our son's income was below the deduction amount. Turbo tax would not let me enter it on either form. Just looking for confirmation from this intelligent group of wonks. (Wonk is a term of endearment in my world.)
Question 2: I've completed son's tax filings so he can get his withheld tax back. There does not seem to be a place to input his earnings on our filing to correctly address the Obamacare premium tax credits. I know that the tax credits are based on *household* income, including the kids w2 income, but there doesn't seem to be a way to include that for the PTC calculations. Any idea of what form I should be looking for?
Thanks in advance.
Last edited: