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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 2019 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.
|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.|
|Part I. Child’s Interest and Dividends To Report on Your Return|
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.
|Part II. Tax on the First $2,100 of Child’s Interest and Dividends|
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.
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.