Yes, if your grandchild meets the IRS tests for a qualifying child you can claim them as a dependent.

Should my college student file her own taxes?

Students who are single and earned more than the $12,400 standard deduction in 2020 are required to file an income tax return. That $12,400 includes earned income (from a job) and unearned income (such as from investments). College students may still want to file a return even if they aren’t required to do so.

When do dependents have to file their own taxes?

Dependents who have unearned income, such as interest, dividends or capital gains, will generally have to file their own tax return if that income is more than $1,050 for 2018 (income levels are higher for dependents 65 or older or blind).

Do you have to file a joint tax return with your child?

Your child does not file a joint tax return. No estimated tax payments were submitted for the current tax year and no overpayment for the previous tax year were applied for the current tax year under your child’s name and Social Security number. You must be the parent whose tax return is used when reporting your child’s income.

What makes TurboTax so easy to use for taxes?

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How old do you have to be to file your own tax return?

Your child will not have to file their own tax return if you do this. All of the following conditions must be met before you can claim your child’s interest and dividend income on your return: Your child is under age 19 (or under age 24 if a he or she is a student) at the end of the Tax Year.