Tax Form 8814 Fill in and Calculate Online

Form 8814: Parents' Election To Report Child's Interest and Dividends

Use Tax Form 8814: Parents' Election To Report Child's Interest and Dividends as a stand alone tax form calculator to quickly calculate specific amounts for your 2023 tax return. Form 8814: Parents' Election To Report Child's Interest and Dividends is also integrated into our comprehensive US Tax Calculator where you can complete and save your calculations for later use. Alternatively you can use one of our Combined Federal and State Tax Estimator to quickly calculate your salary, tax and take home pay.

Parents' Election To Report Child's Interest and Dividends
Name(s) shown on your return			Your social security number
Caution: The federal income tax on your child’s income, including qualified dividends and capital gain distributions, may be less if you file a separate tax return for the child instead of making this election. This is because you cannot take certain tax benefits that your child could take on his or her own return. For details, see Tax benefits you cannot take in the instructions.
A Child's name (first, initial, and last)			B Child’s social security number
C If more than one Form 8814 is attached, check here ▸
Part I. Child’s Interest and Dividends To Report on Your Return
1a	Enter your child’s taxable interest. If this amount is different from the amounts shown on the child’s Forms 1099-INT and 1099-OID, see the instructions			1a
b	Enter your child’s tax-exempt interest. Do not include this amount on line 1a	1b
2a	Enter your child’s ordinary dividends, including any Alaska Permanent Fund dividends. If your child received any ordinary dividends as a nominee, see the instructions			2a
b	Enter your child’s qualified dividends included on line 2a. See the instructions	2b
3	Enter your child’s capital gain distributions. If your child received any capital gain distributions as a nominee, see the instructions			3
4	Add lines 1a, 2a, and 3. If the total is $2100 or less, skip lines 5 through 12 and go to line 13. If the total is $10500 or more, do not file this form. Your child must file his or her own return to report the income			4
5	Base amount			5
6	Subtract line 5 from line 4 If both lines 2b and 3 are zero or blank, skip lines 7 through 10, enter -0- on line 11, and go to line 12. Otherwise, go to line 7.			6
7	Divide line 2b by line 4. Enter the result as a decimal (rounded to at least three places)	7
8	Divide line 3 by line 4. Enter the result as a decimal (rounded to at least three places)	8
9	Multiply line 6 by line 7. Enter the result here. See the instructions for where to report this amount on your return	9
10	Multiply line 6 by line 8. Enter the result here. See the instructions for where to report this amount on your return	10
11	Add lines 9 and 10			11
12	Subtract line 11 from line 6. Include this amount in the total on Form 1040, line 21, or Form 1040NR, line 21. In the space next to line 21, enter “Form 8814” and show the amount. If you checked the box on line C above, see the instructions. Go to line 13 below			12
Part II. Tax on the First $2,100 of Child’s Interest and Dividends
13	Amount not taxed			13
14	Subtract line 13 from line 4. If the result is zero or less, enter -0-			14
15	Tax. Is the amount on line 14 less than $1050? No. Enter $105 here and see the Note below. Yes. Multiply line 14 by 10% (105). Enter the result here and see the Note below. Note: If you checked the box on line C above, see the instructions. Otherwise, include the amount from line 15 in the tax you enter on Form 1040, line 44, or Form 1040NR, line 42. Be sure to check box a on Form 1040, line 44, or Form 1040NR, line 42.			15

Tip: use the US Tax Calculator to edit your refundable and non-refundable tax credits including Form 8814: Parents' Election To Report Child's Interest and Dividends. Complete, Calculate, print and or save your tax calculation for later use.

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