Are You Paying the Kiddie Tax?
Posted: March 29, 2016
Are You Paying the Kiddie Tax?The kiddie tax is a tax rule that is levied on unearned income (interest, dividends and capital gains) earned by children under the age of 19 and full-time college students under the age of 24. For 2016, all of the child’s unearned income in excess of $2,100 is taxed at the parent’s tax rate. In 2016, the only way that college students under age 24...
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