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IRC §1(g) · Form 8615

Kiddie Tax · College Student

Full-time student under 24? Their investment income may be taxed at YOUR rate.

Kiddie Tax · 2024
Kiddie tax applies?
Yes
Unearned hit at parent rate
$1,728
Tax · filed as dependent (kiddie)
$2,000
Tax · filed independent (not dep)
$1,000
Recommended filing path
Dependent
Form to attach
Form 8615
Per §1(g), unearned income above $2,600 (2024) is taxed at parent's marginal rate when child is under 19, OR under 24 and a full-time student providing <50% own support.
Talk to a preparer about your college student's return

2024 thresholds: $1,300 standard deduction floor on unearned, next $1,300 at child's rate, excess at parent's rate (§1(g)(7)). Full-time student = 5 months/yr (§152(f)(2)). Educational tool, not legal advice. Call 689-331-5723 or email info@zerofusstaxes.com.