Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

If I Am Unemployed Do I File Taxes

1040x Form And Instructions2012 TaxesFree Irs State Tax FormsAmended ReturnsFree EfileWww Irs GovefileAmend Your Tax ReturnAmended Tax Return1040ez Booklet1040nrez2013 Federal Tax Forms 1040ezFiling TaxesWww H&r Block At HomeCheapest State Tax Return1040-xFree State Turbo Tax 2012Can I File 2012 And 2013 Taxes TogetherTurbotax Deluxe Federal E File State 2011 Old VersionTax 2011 FormTax Form 1040x Online1040 Ez FormsIncome Tax DeadlineForms To File 2012 TaxesE File 2012Revise Tax ReturnTax Return For College StudentsFree Tax Calculator 20122005 Tax ReturnFree Turbotax 2010Amend My Federal Tax ReturnTurbotax 2005 Free DownloadIrs Gov Form 1040ez2012 1040 FormsAmended Tax Return FormsFile Last Years TaxesH & R BlockHow To Fill Out A 1040x FormFree Tax ServicesCan I Still File 2011 Taxes OnlineHow To File Unemployment Taxes

If I Am Unemployed Do I File Taxes

If i am unemployed do i file taxes Index A Actual knowledge Innocent spouse relief, Actual Knowledge or Reason To Know Separation of liability relief, Actual Knowledge Assistance (see Tax help) B Burden of proof, separation of liability, Burden of proof. If i am unemployed do i file taxes C Comments on publication, Comments and suggestions. If i am unemployed do i file taxes Community property law, relief from liability arising from, Community Property Laws Community property laws, Community Property Laws D Decedent, Form 8857 filed by or on behalf of a decedent. If i am unemployed do i file taxes Domestic violence (separation of liability), Exception for spousal abuse or domestic violence. If i am unemployed do i file taxes E Equitable relief Conditions for getting, Conditions for Getting Equitable Relief Factors for determining whether to grant, Factors for Determining Whether To Grant Equitable Relief Refunds, Refunds Under Equitable Relief Erroneous items, Erroneous Items Executors (see Decedent) F Flowcharts, Flowcharts Form 8857 Filled-in example, Filled-in Form 8857 For decedent, Form 8857 filed by or on behalf of a decedent. If i am unemployed do i file taxes Tax Court review, Tax Court Review of Request When to file, When to file Form 8857. If i am unemployed do i file taxes Free tax services, How To Get Tax Help H Help (see Tax help) How to request relief, How To Request Relief I Indications of unfairness Innocent spouse relief, Indications of Unfairness for Innocent Spouse Relief Injured spouse relief, Publication 971 - Additional Material Innocent spouse relief, Innocent Spouse Relief J Joint and several liability, Publication 971 - Additional Material L Limitations on Relief, Limitations on Relief M More information (see Tax help) N No joint return filed, Relief for Married Persons Who Did Not File Joint Returns P Partial relief, innocent spouse relief, Partial relief when a portion of erroneous item is unknown. If i am unemployed do i file taxes Publications (see Tax help) Q Questions & Answers, Publication 971 - Additional Material R Reason to know, Actual Knowledge or Reason To Know Refunds, Refunds Limit on amount of refund, Limit on Amount of Refund Proof required, Proof Required Under equitable relief, Refunds Under Equitable Relief S Separation of liability relief, Separation of Liability Relief Spousal abuse, The IRS Must Contact Your Spouse or Former Spouse, Exception for spousal abuse or domestic violence. If i am unemployed do i file taxes Spousal notification, The IRS Must Contact Your Spouse or Former Spouse, Publication 971 - Additional Material Suggestions for publication, Comments and suggestions. If i am unemployed do i file taxes T Tax Court review, Tax Court Review of Request Tax help, How To Get Tax Help Taxpayer Advocate, Taxpayer Advocate Service. If i am unemployed do i file taxes TEFRA partnership proceedings, Exception for agreements relating to TEFRA partnership proceedings. If i am unemployed do i file taxes Transferee liability, Transferee liability not affected by innocent spouse relief provisions. If i am unemployed do i file taxes Transfers of property to avoid tax, Transfers of Property To Avoid Tax TTY/TDD information, How To Get Tax Help U Underpaid tax, Equitable Relief Understated tax, Understated Tax United States Tax Court, Tax Court Review of Request W When to file Form 8857, When to file Form 8857. If i am unemployed do i file taxes Prev  Up     Home   More Online Publications
Español

National Institute of Justice

The National Institute of Justice is the Department of Justice's research and development agency, dedicated to improving knowledge and understanding of crime and justice.

Contact the Agency or Department

Website: National Institute of Justice National Criminal Justice Reference Service

Address: 810 Seventh St NW
Washington, DC 20531

Phone Number: (202) 307-2942

The If I Am Unemployed Do I File Taxes

If i am unemployed do i file taxes 31. If i am unemployed do i file taxes   Tax on Unearned Income of Certain Children Table of Contents What's New Introduction Useful Items - You may want to see: Which Parent's Return To UseParents Who Do Not File a Joint Return Parent's Election To Report Child's Interest and DividendsEffect of Making the Election Figuring Child's Income Figuring Additional Tax Tax for Certain Children Who Have Unearned IncomeProviding Parental Information (Form 8615, lines A–C) Step 1. If i am unemployed do i file taxes Figuring the Child's Net Unearned Income (Form 8615, Part I) Step 2. If i am unemployed do i file taxes Figuring Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) Step 3. If i am unemployed do i file taxes Figuring the Child's Tax (Form 8615, Part III) What's New Net Investment Income Tax. If i am unemployed do i file taxes . If i am unemployed do i file taxes  For tax years beginning after December 31, 2012, a child whose tax is figured on Form 8615 may be subject to the Net Investment Income Tax (NIIT). If i am unemployed do i file taxes NIIT is a 3. If i am unemployed do i file taxes 8% tax on the lesser of the net investment income or the excess of the child's modified adjusted gross income (MAGI) over the threshold amount. If i am unemployed do i file taxes Use Form 8960, Net Investment Income Tax, to figure this tax. If i am unemployed do i file taxes For more information on NIIT, go to www. If i am unemployed do i file taxes irs. If i am unemployed do i file taxes gov and enter “Net Investment Income Tax” in the search box. If i am unemployed do i file taxes Introduction This chapter discusses the following two rules that may affect the tax on unearned income of certain children. If i am unemployed do i file taxes If the child's interest and dividend income (including capital gain distributions) total less than $10,000, the child's parent may be able to choose to include that income on the parent's return rather than file a return for the child. If i am unemployed do i file taxes (See Parent's Election To Report Child's Interest and Dividends , later. If i am unemployed do i file taxes ) If the child's interest, dividends, and other unearned income total more than $2,000, part of that income may be taxed at the parent's tax rate instead of the child's tax rate. If i am unemployed do i file taxes (See Tax for Certain Children Who Have Unearned Income , later. If i am unemployed do i file taxes ) For these rules, the term “child” includes a legally adopted child and a stepchild. If i am unemployed do i file taxes These rules apply whether or not the child is a dependent. If i am unemployed do i file taxes Useful Items - You may want to see: Publication 929 Tax Rules for Children and Dependents Form (and Instructions) 8615 Tax for Certain Children Who Have Unearned Income 8814 Parents' Election To Report Child's Interest and Dividends Which Parent's Return To Use If a child's parents are married to each other and file a joint return, use the joint return to figure the tax on the child's unearned income. If i am unemployed do i file taxes The tax rate and other return information from that return are used to figure the child's tax as explained later under Tax for Certain Children Who Have Unearned Income . If i am unemployed do i file taxes Parents Who Do Not File a Joint Return For parents who do not file a joint return, the following discussions explain which parent's tax return must be used to figure the tax. If i am unemployed do i file taxes Only the parent whose tax return is used can make the election described under Parent's Election To Report Child's Interest and Dividends . If i am unemployed do i file taxes Parents are married. If i am unemployed do i file taxes   If the child's parents file separate returns, use the return of the parent with the greater taxable income. If i am unemployed do i file taxes Parents not living together. If i am unemployed do i file taxes   If the child's parents are married to each other but not living together, and the parent with whom the child lives (the custodial parent) is considered unmarried, use the return of the custodial parent. If i am unemployed do i file taxes If the custodial parent is not considered unmarried, use the return of the parent with the greater taxable income. If i am unemployed do i file taxes   For an explanation of when a married person living apart from his or her spouse is considered unmarried, see Head of Household in chapter 2. If i am unemployed do i file taxes Parents are divorced. If i am unemployed do i file taxes   If the child's parents are divorced or legally separated, and the parent who had custody of the child for the greater part of the year (the custodial parent) has not remarried, use the return of the custodial parent. If i am unemployed do i file taxes Custodial parent remarried. If i am unemployed do i file taxes   If the custodial parent has remarried, the stepparent (rather than the noncustodial parent) is treated as the child's other parent. If i am unemployed do i file taxes Therefore, if the custodial parent and the stepparent file a joint return, use that joint return. If i am unemployed do i file taxes Do not use the return of the noncustodial parent. If i am unemployed do i file taxes   If the custodial parent and the stepparent are married, but file separate returns, use the return of the one with the greater taxable income. If i am unemployed do i file taxes If the custodial parent and the stepparent are married but not living together, the earlier discussion under Parents not living together applies. If i am unemployed do i file taxes Parents never married. If i am unemployed do i file taxes   If a child's parents have never been married to each other, but lived together all year, use the return of the parent with the greater taxable income. If i am unemployed do i file taxes If the parents did not live together all year, the rules explained earlier under Parents are divorced apply. If i am unemployed do i file taxes Widowed parent remarried. If i am unemployed do i file taxes   If a widow or widower remarries, the new spouse is treated as the child's other parent. If i am unemployed do i file taxes The rules explained earlier under Custodial parent remarried apply. If i am unemployed do i file taxes Parent's Election To Report Child's Interest and Dividends You may be able to elect to include your child's interest and dividend income (including capital gain distributions) on your tax return. If i am unemployed do i file taxes If you do, your child will not have to file a return. If i am unemployed do i file taxes You can make this election only if all the following conditions are met. If i am unemployed do i file taxes Your child was under age 19 (or under age 24 if a full-time student) at the end of the year. If i am unemployed do i file taxes Your child had income only from interest and dividends (including capital gain distributions and Alaska Permanent Fund dividends). If i am unemployed do i file taxes The child's gross income was less than $10,000. If i am unemployed do i file taxes The child is required to file a return unless you make this election. If i am unemployed do i file taxes The child does not file a joint return for the year. If i am unemployed do i file taxes No estimated tax payment was made for the year, and no overpayment from the previous year (or from any amended return) was applied to this year under your child's name and social security number. If i am unemployed do i file taxes No federal income tax was taken out of your child's income under the backup withholding rules. If i am unemployed do i file taxes You are the parent whose return must be used when applying the special tax rules for children. If i am unemployed do i file taxes (See Which Parent's Return To Use , earlier. If i am unemployed do i file taxes ) These conditions are also shown in Figure 31-A. If i am unemployed do i file taxes Certain January 1 birthdays. If i am unemployed do i file taxes   A child born on January 1, 1995, is considered to be age 19 at the end of 2013. If i am unemployed do i file taxes You cannot make this election for such a child unless the child was a full-time student. If i am unemployed do i file taxes   A child born on January 1, 1990, is considered to be age 24 at the end of 2013. If i am unemployed do i file taxes You cannot make this election for such a child. If i am unemployed do i file taxes Full-time student. If i am unemployed do i file taxes   A full-time student is a child who during some part of each of any 5 calendar months of the year was enrolled as a full-time student at a school, or took a full-time on-farm training course given by a school or a state, county, or local government agency. If i am unemployed do i file taxes A school includes a technical, trade, or mechanical school. If i am unemployed do i file taxes It does not include an on-the-job training course, correspondence school, or school offering courses only through the Internet. If i am unemployed do i file taxes How to make the election. If i am unemployed do i file taxes   Make the election by attaching Form 8814 to your Form 1040. If i am unemployed do i file taxes (If you make this election, you cannot file Form 1040A or Form 1040EZ. If i am unemployed do i file taxes ) Attach a separate Form 8814 for each child for whom you make the election. If i am unemployed do i file taxes You can make the election for one or more children and not for others. If i am unemployed do i file taxes Effect of Making the Election The federal income tax on your child's income may be more if you make the Form 8814 election. If i am unemployed do i file taxes Rate may be higher. If i am unemployed do i file taxes   If your child received qualified dividends or capital gain distributions, you may pay up to $100 more tax if you make this election instead of filing a separate tax return for the child. If i am unemployed do i file taxes This is because the tax rate on the child's income between $1,000 and $2,000 is 10% if you make this election. If i am unemployed do i file taxes However, if you file a separate return for the child, the tax rate may be as low as 0% (zero percent) because of the preferential tax rates for qualified dividends and capital gain distributions. If i am unemployed do i file taxes Deductions you cannot take. If i am unemployed do i file taxes   By making the Form 8814 election, you cannot take any of the following deductions that the child would be entitled to on his or her return. If i am unemployed do i file taxes The additional standard deduction if the child is blind. If i am unemployed do i file taxes The deduction for a penalty on an early withdrawal of your child's savings. If i am unemployed do i file taxes Itemized deductions (such as your child's investment expenses or charitable contributions). If i am unemployed do i file taxes Reduced deductions or credits. If i am unemployed do i file taxes   If you use Form 8814, your increased adjusted gross income may reduce certain deductions or credits on your return including the following. If i am unemployed do i file taxes Deduction for contributions to a traditional individual retirement arrangement (IRA). If i am unemployed do i file taxes Deduction for student loan interest. If i am unemployed do i file taxes Itemized deductions for medical expenses, casualty and theft losses, and certain miscellaneous expenses. If i am unemployed do i file taxes Credit for child and dependent care expenses. If i am unemployed do i file taxes Child tax credit. If i am unemployed do i file taxes Education tax credits. If i am unemployed do i file taxes Earned income credit. If i am unemployed do i file taxes Penalty for underpayment of estimated tax. If i am unemployed do i file taxes   If you make this election for 2013 and did not have enough tax withheld or pay enough estimated tax to cover the tax you owe, you may be subject to a penalty. If i am unemployed do i file taxes If you plan to make this election for 2014, you may need to increase your federal income tax withholding or your estimated tax payments to avoid the penalty. If i am unemployed do i file taxes See chapter 4 for more information. If i am unemployed do i file taxes Figuring Child's Income Use Form 8814, Part I, to figure your child's interest and dividend income to report on your return. If i am unemployed do i file taxes Only the amount over $2,000 is added to your income. If i am unemployed do i file taxes The amount over $2,000 is shown on Form 8814, line 6. If i am unemployed do i file taxes Unless the child's income includes qualified dividends or capital gain distributions (discussed next), the same amount is shown on Form 8814, line 12. If i am unemployed do i file taxes Include the amount from Form 8814, line 12, on Form 1040, line 21. If i am unemployed do i file taxes Enter “Form 8814” on the dotted line next to line 21. If i am unemployed do i file taxes If you file more than one Form 8814, include the total amounts from line 12 of all your Forms 8814 on Form 1040, line 21. If i am unemployed do i file taxes Capital gain distributions and qualified dividends. If i am unemployed do i file taxes   If your child's dividend income included any capital gain distributions, see Capital gain distributions under Figuring Child's Income in Publication 929, Part 2. If i am unemployed do i file taxes If your child's dividend income included any qualified dividends, see Qualified dividends under Figuring Child's Income in Publication 929, Part 2. If i am unemployed do i file taxes Figuring Additional Tax Use Form 8814, Part II, to figure the tax on the $2,000 of your child's interest and dividends that you do not include in your income. If i am unemployed do i file taxes This tax is added to the tax figured on your income. If i am unemployed do i file taxes This additional tax is the smaller of: 10% × (your child's gross income − $1,000), or $100. If i am unemployed do i file taxes Include the amount from line 15 of all your Forms 8814 in the total on Form 1040, line 44. If i am unemployed do i file taxes Check box a on Form 1040, line 44. If i am unemployed do i file taxes Figure 31-A. If i am unemployed do i file taxes Can You Include Your Child's Income On Your Tax Return? Please click here for the text description of the image. If i am unemployed do i file taxes Figure 31–A. If i am unemployed do i file taxes Can You Include Your Child's Income On Your Tax Return? Tax for Certain Children Who Have Unearned Income If a child's interest, dividends, and other unearned income total more than $2,000, part of that income may be taxed at the parent's tax rate instead of the child's tax rate. If i am unemployed do i file taxes If the parent does not or cannot choose to include the child's income on the parent's return, use Form 8615 to figure the child's tax. If i am unemployed do i file taxes Attach the completed form to the child's Form 1040 or Form 1040A. If i am unemployed do i file taxes When Form 8615 must be filed. If i am unemployed do i file taxes   Form 8615 must be filed for a child if all of the following statements are true. If i am unemployed do i file taxes The child's investment income was more than $2,000. If i am unemployed do i file taxes The child is required to file a return for 2013. If i am unemployed do i file taxes The child either: Was under age 18 at the end of the year, Was age 18 at the end of the year and did not have earned income that was more than half of his or her support, or Was over age 18 and under age 24 at the end of the year, was a full-time student, and did not have earned income that was more than half of his or her support. If i am unemployed do i file taxes At least one of the child's parents was alive at the end of 2013. If i am unemployed do i file taxes The child does not file a joint return for 2013. If i am unemployed do i file taxes These conditions are also shown in  Figure 31-B. If i am unemployed do i file taxes Earned income. If i am unemployed do i file taxes   Earned income includes salaries, wages, tips, and other payments received for personal services performed. If i am unemployed do i file taxes It does not include unearned income as defined later in this chapter. If i am unemployed do i file taxes Support. If i am unemployed do i file taxes   Your child's support includes all amounts spent to provide the child with food, lodging, clothing, education, medical and dental care, recreation, transportation, and similar necessities. If i am unemployed do i file taxes To figure your child's support, count support provided by you, your child, and others. If i am unemployed do i file taxes However, a scholarship received by your child is not considered support if your child is a full-time student. If i am unemployed do i file taxes See chapter 3 for details about support. If i am unemployed do i file taxes Certain January 1 birthdays. If i am unemployed do i file taxes   Use the following chart to determine whether certain children with January 1 birthdays meet condition 3 under When Form 8615 must be filed. If i am unemployed do i file taxes Figure 31-B. If i am unemployed do i file taxes Do You Have To Use Form 8615 To Figure Your Child's Tax? Please click here for the text description of the image. If i am unemployed do i file taxes Figure 31-B. If i am unemployed do i file taxes Do You Have To Use Form 8615 To Figure Your Child's Tax?    IF a child was born on. If i am unemployed do i file taxes . If i am unemployed do i file taxes . If i am unemployed do i file taxes THEN, at the end of 2013, the child is considered to be. If i am unemployed do i file taxes . If i am unemployed do i file taxes . If i am unemployed do i file taxes January 1, 1996 18* January 1, 1995 19** January 1, 1990 24*** *This child is not under age 18. If i am unemployed do i file taxes The child meets condition 3 only if the child did not have earned income that was more than half of the child's support. If i am unemployed do i file taxes  **This child meets condition 3 only if the child was a full-time student who did not have earned income that was more than half of the child's support. If i am unemployed do i file taxes  ***Do not use Form 8615 for this child. If i am unemployed do i file taxes Providing Parental Information (Form 8615, lines A–C) On Form 8615, lines A and B, enter the parent's name and social security number. If i am unemployed do i file taxes (If the parents filed a joint return, enter the name and social security number listed first on the joint return. If i am unemployed do i file taxes ) On line C, check the box for the parent's filing status. If i am unemployed do i file taxes See Which Parent's Return To Use at the beginning of this chapter for information on which parent's return information must be used on Form 8615. If i am unemployed do i file taxes Parent with different tax year. If i am unemployed do i file taxes   If the parent and the child do not have the same tax year, complete Form 8615 using the information on the parent's return for the tax year that ends in the child's tax year. If i am unemployed do i file taxes Parent's return information not known timely. If i am unemployed do i file taxes   If the information needed from the parent's return is not known by the time the child's return is due (usually April 15), you can file the return using estimates. If i am unemployed do i file taxes   You can use any reasonable estimate. If i am unemployed do i file taxes This includes using information from last year's return. If i am unemployed do i file taxes If you use an estimated amount on Form 8615, enter “Estimated” on the line next to the amount. If i am unemployed do i file taxes    When you get the correct information, file an amended return on Form 1040X, Amended U. If i am unemployed do i file taxes S. If i am unemployed do i file taxes Individual Income Tax Return. If i am unemployed do i file taxes   Instead of using estimates, you can get an automatic 6-month extension of time to file if, by the date your return is due, you file Form 4868, Application for Automatic Extension of Time To File U. If i am unemployed do i file taxes S. If i am unemployed do i file taxes Individual Income Tax Return. If i am unemployed do i file taxes Extensions are discussed in chapter 1. If i am unemployed do i file taxes Step 1. If i am unemployed do i file taxes Figuring the Child's Net Unearned Income (Form 8615, Part I) The first step in figuring a child's tax using Form 8615 is to figure the child's net unearned income. If i am unemployed do i file taxes To do that, use Form 8615, Part I. If i am unemployed do i file taxes Line 1 (unearned income). If i am unemployed do i file taxes   If the child had no earned income, enter on this line the adjusted gross income shown on the child's return. If i am unemployed do i file taxes Adjusted gross income is shown on Form 1040, line 38, or Form 1040A, line 22. If i am unemployed do i file taxes Form 1040EZ cannot be used if Form 8615 must be filed. If i am unemployed do i file taxes   If the child had earned income, figure the amount to enter on Form 8615, line 1, by using the worksheet in the instructions for the form. If i am unemployed do i file taxes   However, if the child has: excluded any foreign earned income, deducted either a loss from self-employment, or deducted a net operating loss from another year, then use the Alternate Worksheet for Form 8615, Line 1, in Publication 929 to figure the amount to enter on Form 8615, line 1. If i am unemployed do i file taxes Unearned income defined. If i am unemployed do i file taxes   Unearned income is generally all income other than salaries, wages, and other amounts received as pay for work actually done. If i am unemployed do i file taxes It includes taxable interest, dividends (including capital gain distributions), capital gains, unemployment compensation, the taxable part of social security and pension payments, and certain distributions from trusts. If i am unemployed do i file taxes Unearned income includes amounts produced by assets the child obtained with earned income (such as interest on a savings account into which the child deposited wages). If i am unemployed do i file taxes Nontaxable income. If i am unemployed do i file taxes   For this purpose, unearned income includes only amounts the child must include in total income. If i am unemployed do i file taxes Nontaxable unearned income, such as tax-exempt interest and the nontaxable part of social security and pension payments, is not included. If i am unemployed do i file taxes Income from property received as a gift. If i am unemployed do i file taxes   A child's unearned income includes all income produced by property belonging to the child. If i am unemployed do i file taxes This is true even if the property was transferred to the child, regardless of when the property was transferred or purchased or who transferred it. If i am unemployed do i file taxes   A child's unearned income includes income produced by property given as a gift to the child. If i am unemployed do i file taxes This includes gifts to the child from grandparents or any other person and gifts made under the Uniform Gift to Minors Act. If i am unemployed do i file taxes Example. If i am unemployed do i file taxes Amanda Black, age 13, received the following income. If i am unemployed do i file taxes Dividends — $800 Wages — $2,100 Taxable interest — $1,200 Tax-exempt interest — $100 Net capital gains — $100 The dividends were qualified dividends on stock given to her by her grandparents. If i am unemployed do i file taxes Amanda's unearned income is $2,100. If i am unemployed do i file taxes This is the total of the dividends ($800), taxable interest ($1,200), and net capital gains ($100). If i am unemployed do i file taxes Her wages are earned (not unearned) income because they are received for work actually done. If i am unemployed do i file taxes Her tax-exempt interest is not included because it is nontaxable. If i am unemployed do i file taxes Trust income. If i am unemployed do i file taxes   If a child is the beneficiary of a trust, distributions of taxable interest, dividends, capital gains, and other unearned income from the trust are unearned income to the child. If i am unemployed do i file taxes   However, for purposes of completing Form 8615, a taxable distribution from a qualified disability trust is considered earned income, not unearned income. If i am unemployed do i file taxes Line 2 (deductions). If i am unemployed do i file taxes   If the child does not itemize deductions on Schedule A (Form 1040), enter $2,000 on line 2. If i am unemployed do i file taxes   If the child does itemize deductions, enter on line 2 the larger of: $1,000 plus the portion of the child's itemized deductions on Schedule A (Form 1040), line 29, that are directly connected with the production of unearned income entered on line 1, or $2,000. If i am unemployed do i file taxes Directly connected. If i am unemployed do i file taxes   Itemized deductions are directly connected with the production of unearned income if they are for expenses paid to produce or collect taxable income or to manage, conserve, or maintain property held for producing income. If i am unemployed do i file taxes These expenses include custodian fees and service charges, service fees to collect taxable interest and dividends, and certain investment counsel fees. If i am unemployed do i file taxes   These expenses are added to certain other miscellaneous itemized deductions on Schedule A (Form 1040). If i am unemployed do i file taxes Only the amount greater than 2% of the child's adjusted gross income can be deducted. If i am unemployed do i file taxes See chapter 28 for more information. If i am unemployed do i file taxes Example 1. If i am unemployed do i file taxes Roger, age 12, has unearned income of $8,000, no other income, no adjustments to income, and itemized deductions of $300 (net of the 2% limit) that are directly connected with his unearned income. If i am unemployed do i file taxes His adjusted gross income is $8,000, which is entered on Form 1040, line 38, and on Form 8615, line 1. If i am unemployed do i file taxes Roger enters $2,000 on line 2 because that is more than the total of $1,000 plus his directly connected itemized deductions of $300. If i am unemployed do i file taxes Example 2. If i am unemployed do i file taxes Eleanor, age 8, has unearned income of $16,000 and an early withdrawal penalty of $100. If i am unemployed do i file taxes She has no other income. If i am unemployed do i file taxes She has itemized deductions of $1,050 (net of the 2% limit) that are directly connected with the production of her unearned income. If i am unemployed do i file taxes Her adjusted gross income, entered on line 1, is $15,900 ($16,000 − $100). If i am unemployed do i file taxes The amount on line 2 is $2,050. If i am unemployed do i file taxes This is the larger of: $1,000 plus the $1,050 of directly connected itemized deductions, or $2,000. If i am unemployed do i file taxes Line 3. If i am unemployed do i file taxes   Subtract line 2 from line 1 and enter the result on this line. If i am unemployed do i file taxes If zero or less, do not complete the rest of the form. If i am unemployed do i file taxes However, you must still attach Form 8615 to the child's tax return. If i am unemployed do i file taxes Figure the tax on the child's taxable income in the normal manner. If i am unemployed do i file taxes Line 4 (child's taxable income). If i am unemployed do i file taxes   Enter on line 4 the child's taxable income from Form 1040, line 43, or Form 1040A, line 27. If i am unemployed do i file taxes   However, if the child files Form 2555 or 2555-EZ to claim the foreign earned income exclusion, housing exclusion, or housing deduction, see the Form 8615 instructions or Pub. If i am unemployed do i file taxes 929. If i am unemployed do i file taxes Line 5 (net unearned income). If i am unemployed do i file taxes   A child's net unearned income cannot be more than his or her taxable income. If i am unemployed do i file taxes Enter on Form 8615, line 5, the smaller of line 3 or line 4. If i am unemployed do i file taxes This is the child's net unearned income. If i am unemployed do i file taxes   If zero or less, do not complete the rest of the form. If i am unemployed do i file taxes However, you must still attach Form 8615 to the child's tax return. If i am unemployed do i file taxes Figure the tax on the child's taxable income in the normal manner. If i am unemployed do i file taxes Step 2. If i am unemployed do i file taxes Figuring Tentative Tax at the Parent's Tax Rate (Form 8615, Part II) The next step in completing Form 8615 is to figure a tentative tax on the child's net unearned income at the parent's tax rate. If i am unemployed do i file taxes The tentative tax at the parent's tax rate is the difference between the tax on the parent's taxable income figured with the child's net unearned income (plus the net unearned income of any other child whose Form 8615 includes the tax return information of that parent) and the tax figured without it. If i am unemployed do i file taxes When figuring the tentative tax at the parent's tax rate on Form 8615, do not refigure any of the exclusions, deductions, or credits on the parent's return because of the child's net unearned income. If i am unemployed do i file taxes For example, do not refigure the medical expense deduction. If i am unemployed do i file taxes Figure the tentative tax on Form 8615, lines 6 through 13. If i am unemployed do i file taxes Note. If i am unemployed do i file taxes If the child or parent has any capital gains or losses, get Publication 929 for help in completing Form 8615, Part II. If i am unemployed do i file taxes Line 6 (parent's taxable income). If i am unemployed do i file taxes   Enter on line 6 the parent's taxable income from Form 1040, line 43, Form 1040A, line 27, or Form 1040EZ, line 6. If i am unemployed do i file taxes   If the Foreign Earned Income Tax Worksheet (in the Form 1040 instructions) was used to figure the parent's tax, enter the amount from line 3 of that worksheet instead of the parent's taxable income. If i am unemployed do i file taxes Line 7 (net unearned income of other children). If i am unemployed do i file taxes   If the tax return information of the parent is also used on any other child's Form 8615, enter on line 7 the total of the amounts from line 5 of all the other children's Forms 8615. If i am unemployed do i file taxes Do not include the amount from line 5 of the Form 8615 being completed. If i am unemployed do i file taxes Example. If i am unemployed do i file taxes Paul and Jane Persimmon have three children, Sharon, Jerry, and Mike, who must attach Form 8615 to their tax returns. If i am unemployed do i file taxes The children's net unearned income amounts on line 5 of their Forms 8615 are: Sharon — $800 Jerry — $600 Mike — $1,000 Line 7 of Sharon's Form 8615 will show $1,600, the total of the amounts on line 5 of Jerry's and Mike's Forms 8615. If i am unemployed do i file taxes Line 7 of Jerry's Form 8615 will show $1,800 ($800 + $1,000). If i am unemployed do i file taxes Line 7 of Mike's Form 8615 will show $1,400 ($800 + $600). If i am unemployed do i file taxes Other children's information not available. If i am unemployed do i file taxes   If the net unearned income of the other children is not available when the return is due, either file the return using estimates or get an extension of time to file. If i am unemployed do i file taxes See Parent's return information not known timely , earlier. If i am unemployed do i file taxes Line 11 (tentative tax). If i am unemployed do i file taxes   Subtract line 10 from line 9 and enter the result on this line. If i am unemployed do i file taxes This is the tentative tax. If i am unemployed do i file taxes   If line 7 is blank, skip lines 12a and 12b and enter the amount from line 11 on line 13. If i am unemployed do i file taxes Also skip the discussion for lines 12a and 12b that follows. If i am unemployed do i file taxes Lines 12a and 12b (dividing the tentative tax). If i am unemployed do i file taxes   If an amount is entered on line 7, divide the tentative tax shown on line 11 among the children according to each child's share of the total net unearned income. If i am unemployed do i file taxes This is done on lines 12a, 12b, and 13. If i am unemployed do i file taxes Add the amount on line 7 to the amount on line 5 and enter the total on line 12a. If i am unemployed do i file taxes Divide the amount on line 5 by the amount on line 12a and enter the result, as a decimal, on line 12b. If i am unemployed do i file taxes Example. If i am unemployed do i file taxes In the earlier example under Line 7 (net unearned income of other children), Sharon's Form 8615 shows $1,600 on line 7. If i am unemployed do i file taxes The amount entered on line 12a is $2,400, the total of the amounts on lines 5 and 7 ($800 + $1,600). If i am unemployed do i file taxes The decimal on line 12b is  . If i am unemployed do i file taxes 333, figured as follows and rounded to three places. If i am unemployed do i file taxes   $800 = . If i am unemployed do i file taxes 333     $2,400   Step 3. If i am unemployed do i file taxes Figuring the Child's Tax (Form 8615, Part III) The final step in figuring a child's tax using Form 8615 is to determine the larger of: The total of: The child's share of the tentative tax based on the parent's tax rate, plus The tax on the child's taxable income in excess of net unearned income, figured at the child's tax rate, or The tax on the child's taxable income, figured at the child's tax rate. If i am unemployed do i file taxes This is the child's tax. If i am unemployed do i file taxes It is figured on Form 8615, lines 14 through 18. If i am unemployed do i file taxes Alternative minimum tax. If i am unemployed do i file taxes   A child may be subject to alternative minimum tax (AMT) if he or she has certain items given preferential treatment under the tax law. If i am unemployed do i file taxes See Alternative Minimum Tax (AMT) in chapter 30. If i am unemployed do i file taxes    For more information on who is liable for AMT and how to figure it, see Form 6251, Alternative Minimum Tax—Individuals. If i am unemployed do i file taxes For information on special limits that apply to a child who files Form 6251, see Certain Children Under Age 24 in the Instructions for Form 6251. If i am unemployed do i file taxes Prev  Up  Next   Home   More Online Publications