Kiddie Tax Calculator for 2023 & 2024 is an attempt to simplify the calculation of tax on income earned by kids below a certain age.For the year 2024 & 2023 , the latest on kiddie tax rules are simplified in this article Kiddie tax made simple
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Kiddie Tax Calculator 2022-2023
2024 & 2023 Kiddie Tax Rates
| 2024 | #1,300 | $2,600 | $14,600 |
| 2023 | $1,250 | $2,500 | $13,850 |
| 2022 | $1,150 | $2,300 | $12,950 |
Kiddie Tax Computation Changes
The Tax Cuts and Jobs Act (TCJA) no
Reporting Kiddie Tax
There are two methods to report the kiddie tax. One method is to report the child’s income on his own return, by filing Form 8615 and the second method is to report the child’s income on the tax return of the parent earning higher by filing Form 8814, Parents’ Election to Report Child’s Interest and Dividends.
