If your child's only income is interest and dividend income (including capital gain distributions) that is less than $13,000, you may be able to elect to include that income on your return rather than file a return for your child.
You may be able to elect to report your child's interest, ordinary dividends, and capital gains distributions on your own tax return.
If you make this election, your child won't have to file a tax return.
To make this election, you would attach Form 8814 PDF to your Form 1040, Form 1040-SR or Form 1040-NR if your child meets all of the following conditions.
- At the end of the tax year your child was under age 19 (or under age 24 if a full-time student).
- Your child's gross income was less than $13,000 for the tax year.
- Your child had income only from interest and dividends (including capital gain distributions and Alaska Permanent Fund dividends).
- No estimated tax payments were made for your child for the tax year, and no overpayment from the previous tax year (or from any amended return) was applied to the current tax year under your child's name and Social Security number.
- No federal income tax was withheld from your child's income under the backup withholding rules.
- Your child is required to file a return unless you make this election.
- Your child doesn't file a joint return for the tax year.
- You're the parent qualified to make the election or you file a joint return with your child's other parent.
Click here for "Topic no. 553, Tax on a child's investment and other unearned income (kiddie tax)"
Click here for "Tax Filing Requirements for Children"
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