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taxes > taxable income > kiddie tax The Kiddie TaxInvestment income earned by a child is taxed. If a child earns a considerable amount of interest income, then the kiddie tax is levied. Do your taxes online, for free: Kiddie tax: the basicsChildren under the age of 14 with more than $1,600 in investment income are required to pay tax at their parent's higher tax rate. Kiddie tax: the detailsThis is how the kiddie tax is calculated Sidebar Related IRS publicationsGet more information about your child's taxes from Publication 929. Note: you will need an Adobe Acrobat Reader to view these publications, which you can get here.
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Taxes W2 Wages Taxable interest Reporting interest Dividends income Taxable bonds Alimony & support The "kiddie" tax Unemployment Social security Retirement plans "Other" income Tax-exempt income Site Info: |
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