Earned income, from a job for example, is more than $5,950.
Unearned income, including dividends or interest, is more than $950.
Self employment net earnings are more than $400.
Earned and unearned total income is more than the larger of $950 or earned income plus $300.
Also, if interest, dividends and other investment income are more than $1,900, you’re going to get hit with the kiddie tax (which means you’ll pay your tax rate on part of your child’s income).
Filing a Child’s Tax Return
You can file your child’s taxes for free at TurboTax.
If you want, you can also attach it to your return if the income is less than $9,500 and only from interest or dividends. This option is available to children under age 19 (or a full time student under 24) using Form 8814.
A word of caution though, qualified dividends or capital gains may be taxed at a higher rate if you attach it to your return instead of filing the child’s return separately.
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