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kiddie tax

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Kiddie tax
Tax owed for the investment income of children if the amount is more than $1,400.
kiddie tax
A federal income tax levied on the investment income of children under 14 years of age. Investment income above a specified amount is taxed at the parent's top, or marginal, tax rate. The kiddie tax is designed to make it less advantageous for parents to shift income to their children.


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Because the kiddie tax is imposed only on unearned income in excess of $1,700, unearned income below that threshold is taxed at the child's rate.
The expanded "kiddie tax" and the financial aid trap by Sumutka, Alan R. / The Tax Adviser
This may spread out income, possibly avoid (or lessen) the kiddie tax and eliminate assets and income from financial aid consideration.
Kiddie tax changes result in financial aid traps: new law affects ... by Laffie, Lesli S. / Journal of Accountancy
For individuals, the act provides lower tax rates on long-term capital gains and qualified dividends; AMT relief; an increase of the kiddie tax age to children under 18; and the removal of the AGI ceiling after 2009 for regular IRA to Roth IRA conversions.
Tax season: everything you need to navigate through the busy season by California CPA
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