Question: What Kiddie Tax Form Should I Use to Report Kiddie Taxes?
Children can be subject to the kiddie tax when their interest plus dividends plus other investment income total more than $1,900. If they are over the threshold, part of their income will be taxed at the parent's tax rate instead of the child's tax rate.
Answer: You have the options of two kiddie tax forms to use.
- Form 8615. Use the kiddie tax form 8615 when your child files their own tax return.
- Form 8814. Use the kiddie tax form 8814 to report your child's income on your tax return.
