Yes, through the magical reasoning of the IRS. It is earned income ONLY for the purpose of determining the standard deduction and unearned income when it comes to paying the taxes.
The standard deduction is pretty much ‘up to $12,200’ this year so any amounts, earned or unearned up to that amount will not have income tax due. SE might be due.
One reason to file even if you don’t have to by regulation (no taxes due) is that you can use the DRT to file FAFSA the following year.