What is the Kiddie Tax? |
| March 04, 2016 | March 2016 Bond Updates |
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The kiddie tax is a set of tax laws which force unearned income over a small amount to be taxed at the higher tax rate of the parents. For 2015, the kiddie tax limits allows $1,050 to be received without being taxed and the next $1,050 to be taxed at the child's rate, while any unearned income in excess of $2,100 is taxed at the parent's top marginal rate. |
| View more at: http://www.forbes.com/sites/davidmarotta/2016/03/04/what-is-the-kiddie-tax/ |
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