Eligible Pennsylvanians can claim the Child and Dependent Care Enhancement Tax Credit when they file their Pennsylvania Personal Income Tax Return (PA-40). This credit can range between $600 and $2,100, depending on your income level and the number of your dependents.
Do I have to file a tax return as a minor? Yes, being a minor does not mean you are exempt from filing taxes. Pennsylvania teenagers who meet either of the filing requirements listed above must file a tax return even if claimed as a dependent.
Every resident, part-year resident or nonresident individual must file a Pennsylvania Income Tax Return (PA-40) when he or she realizes income generating $1 or more in tax, even if no tax is due (e.g., when an employee receives compensation where tax is withheld).
If you are between 25 and 65 years old, or have a qualifying child, you may be eligible for the federal Earned Income Tax Credit (EITC). The EITC is worth up to $7,830 per income tax return for eligible low-to-moderate-income individuals and families.
PA law does not exempt a minor from the previously described requirements to file a PA tax return even if claimed as a dependent on a federal return. A parent/guardian must file a return on behalf of the minor child in such circumstances.
Deductions Allowed For Pennsylvania Tax Purposes Deductions are allowed for: Medical Savings Account contributions; Health Savings Account contributions; IRC Section 529 qualified Tuition Program contributions, and IRC Section 529A Pennsylvania ABLE Savings Account Program contributions.
Make sure your dependent meets the IRS requirements. Generally, the IRS requires that the child is under the age of 19 (or under 24 if a full-time student), lives with you for more than half the year, and does not provide more than half of their own financial support.
Even if you are claimed as a dependent on another person's tax return, you will generally have to file your own tax return if your total income is more than your standard deduction (the greater of $12200 or your earned income plus $350 for single dependents in 2019).
If someone, such as your parent, claims you as a dependent on their tax return, you must indicate this within the Basic Information section of your return.
Answer: In order to claim a newborn child as a dependent, state or local law must treat the child as having been born alive, and there must be proof of a live birth shown by an official document like a birth certificate. Due to these requirements, you may not claim a stillborn child as a dependent.