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Get your taxes done using TurboTax
The first $1,100 of a dependent's unearned income from sources like interest and dividends are not taxable and do not need to be included either on their own return or their parents' return. If your child's interest and dividends do not meet this threshold, you do not have to worry about reporting anything in 2021. The reason why so many people are asking about the Alaska PFD is that it is just above that threshold in 2021, causing a filing requirement for everyone who receives it, including dependent children.
‎February 13, 2022
6:49 AM