Kiddie tax
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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 the parent's marginal rate, no matter whether the child can be claimed as a dependent on the parent's return".[1]
This article needs to be updated. The reason given is: This article needs to be updated to reflect changes promulgated in the 2017 TCJA and the 2019 SECURE Act. (June 2020) |