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Kiddie Tax

A colloquial term for the tax levied against individuals under the age of 17 whose income is greater than a pre-specified amount. Income above this level is subject to the parents' or guardians' tax rate. Established in 1986, this prevents parents or guardians from giving expensive "gifts" to their children in order to avoid paying higher taxes.

Related information about Kiddie Tax:
  1. Kiddie tax - Wikipedia, the free encyclopedia
    The kiddie tax rule exists in the United States of America and can be found in Internal Revenue Code § 1(g), which "taxes certain unearned income of a child at ...
     
  2. Understanding the Kiddie Tax - TurboTax® Software Support
    Oct 31, 2012 ... It's a tax that's applied on your child's investment income of more than $1900. The tax is meant to discourage parents from reducing their own ...
     
  3. Kiddie Tax Rules For Childs Investment Income | Bankrate.com
    Apr 9, 2012 ... Changes in young investors' income may mean higher taxes, and may also cost parents.
     
  4. Kiddie Tax - What is the Kiddie Tax?
    Find out what the Kiddie Tax is, who the kiddie tax applies to, and recent changes to the kiddie tax.
     
  5. Tax - Kiddie Tax - H&R Block - H&R Block®
    Learn about how the kiddie tax works from H&R Block.
     
  6. 2013 IRS Rules For Retirement Contributions, Kiddie Tax And Your ...
    Oct 18, 2012 ... The IRS today announced changes to several inflation-adjusted tax items that will impact your 2013 tax return.
     
  7. Understanding the Kiddie Tax - SmartMoney.com
    Sep 7, 2007 ... Our tax expert explains the ins and outs (and ways to avoid) the Kiddie Tax.
     
  8. The Kiddie Tax: Limits on Shifting Unearned Income to Children ...
    Learn about the kiddie tax and how to avoid it with smart investments.