Kiddie Tax Calculator is an attempt to simplify the calculation of tax on income earned by kids below a certain age. The Tax Cuts and Jobs Act (TCJA) no
Important News on Kiddie Tax
Kiddie tax computation method is again restored to the original method of computation vide signing of Appropriations Act of 2020. The original kiddie tax computation taxes the child’s net unearned income at the parents’ tax rate if it’s higher than the child’s tax rate.Read the kiddie tax changes article here.