What is the threshold for filing federal income taxes for a single dependent under 65 in 2023?

The threshold for filing federal income taxes for a single dependent under 65 in 2023 is based on the earned and unearned income limits set by the IRS. For 2023, the filing threshold for single dependents is indeed $13,850 for earned income, which is the amount they can earn before being required to file a tax return. Furthermore, the threshold for unearned income is $1,250, which applies to income that isn't earned from work, such as interest or dividends.

This specific threshold ensures that dependents with income below these limits are not obligated to file a federal tax return, promoting tax compliance while balancing the administrative burden on those who may only have minimal income.

Understanding these specific income thresholds is crucial for tax planning and compliance, particularly for families with dependents who may be entering the workforce or receiving investment income for the first time.