Original Kiddie Tax Computation Method Restored!

Kiddie tax computation method which was changed from the tax year 2017 is again restored to the original method of computation vide signing of Appropriations Act of 2020 by President Trump on December 20, 2019, The original kiddie tax computation taxes the child’s net unearned income at the parents’ tax rate if it’s higher than …

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Kiddie Tax Calculation Made Simple !

Kiddie tax is a special rule for taxation of a child’s unearned Income if certain other conditions are fulfilled. In other words, a child’s earned income like wages etc – suffer taxation same as me or you, but if he/she as unearned income like interest , dividend etc – then special rule called Kiddie Tax …

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