Get Answers To Your Tax Questions
H&R Block Tax Professionals relentlessly focus on making sure you profit from every deduction and credit available.
Finding answers to your tax questions is now less taxing.
How much interest income can my dependent child earn before being required to file a return?
Either your child must file or you must report your child's income on your own return if your child's income totals more than $2,000 from these:
Use Form 8615 to figure the tax on your child's investment income.
Your child's investment income might be more than $2,000 and less than $10,000. If so, you can choose to include the income on your return. You'll use Form 8814, and your child won't need to file a return.
If your child has other types of income, you must file a return for the child. You can't report the income on your return. Other income includes earned income or capital gains / losses from stock sales.