My children, 15 and 16 have a prt time job, they have probably only made about 800-900 dollars each, how do I or do I need to include them on our taxes or should they file on their own

Zip Code: LKmeadows@peoplepc.com

Once your child reaches the age of 14, they can no longer be included on your tax return.

For 2005, a single person can earn up to $5,000 in wages before being required to file a tax return, assuming they have no additional sources of income (such as bank interest or mutual fund distributions.)

If your child earns less than $5,000, he or she might still benefit by filing tax returns if they had federal or state taxes withheld, since they would be entitled to a refund of those taxes.

If you child is a good saver, why not contribute the amount of gross wages refleced on the W-2 into a Roth IRA? Fifty plus years of tax-free growth can't be beat.

Zip Code: cpa@mdtaxes.com