The Kiddie Tax applies if your child:
- has unearned income (usually from investments) exceeding $2,500
- is required to file a return
- isn’t filing jointly
- is under age 19 (or 24 if a full-time student) as of January 1, 2024
Children who only have earned income from a job or self-employment, don’t make enough money to be required to file, or are filing jointly with their spouses are exempt from the Kiddie Tax.
Follow these steps to report your child's income on your return in TurboTax:
- Sign in to TurboTax and open or continue your return
- Search for child income and select the Jump to link
- Answer the questions about your child's income