Yes, for tax year 2020, dependent children with unearned income above a certain amount are taxed at the parents' individual tax rate. The rates for trusts and estates no longer apply for 2020.
Please see What is the 2020 Kiddie Tax? and How do I report and pay the Kiddie Tax on my 2020 return? for details.
[Edited 2/10/2021 | 11:50am PST]
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