, Answering FAQ'sTurboTax Employee
If your child was under age 19 (or under age 24 if a full time student at the end of the tax year, is not filing a joint return, and their only income was from interest and dividends, then you may be able to claim their income on your return. The total amount of the child’s income must be less than $9,500 and they must not have had any taxes withheld or have made any estimated tax payments.
More information is available at:
- IRS Tax topic 552 - Tax on a Child's Investment Income.
- IRS Pub 929, Tax Rules for Children and Dependents.