Kiddie Tax rules for 2024

回答: if your child is filing his/her own taxjonjon2024-01-23 12:45:35

Kiddie Tax rules for 2024The first $1,250 of a child's unearned income is tax-free, and the next $1,250 is subject to the child's tax rate. Any additional earnings above $2,500 are taxed at the greater of the child's or the parents' tax rate.Oct 2, 2023

https://www.jacksonhewitt.com/tax-help/tax-tips-topics/personal-finance-savings/understaing-the-kiddie-tax-2024/#:~:text=Kiddie%20Tax%20rules%20for%202024&text=The%20first%20%241%2C250%20of%20a,or%20the%20parents'%20tax%20rate.?

 interest/divident/capital gain of stocks gifted from parents could be subject to kiddie tax. 

I did not know until turbotax forced me to fill out a form 

 

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Again, if your child files his/her own tax -jonjon- 给 jonjon 发送悄悄话 (188 bytes) () 01/23/2024 postreply 16:31:29

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