Young and the Invested on MSN
The Kiddie Tax: Who Pays It + How It’s Calculated
It’s great to see college students, teenagers, and even younger children learn how to invest their money. Acquiring that ...
The kiddie tax is a set of tax rules designed to prevent parents from reducing their tax burden by shifting investment income to their children. It applies to children under the age of 18, or ...
If a child collects a sizable amount of money from investments or other sources of unearned income in a given year, their parent or guardian will likely need to pay taxes on it. While a portion of the ...
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