{"id":2243,"date":"2024-01-11T12:47:00","date_gmt":"2024-01-11T12:47:00","guid":{"rendered":"https:\/\/www.irstaxapp.com\/?page_id=2243"},"modified":"2024-01-17T09:43:25","modified_gmt":"2024-01-17T09:43:25","slug":"kiddie-tax-calculator","status":"publish","type":"page","link":"https:\/\/www.irstaxapp.com\/kiddie-tax-calculator\/","title":{"rendered":"Kiddie Tax Calculator"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><picture><source srcset=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/2023-2024-Kiddie-Tax-Calculator-1024x577.webp 1024w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/2023-2024-Kiddie-Tax-Calculator-300x169.webp 300w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/2023-2024-Kiddie-Tax-Calculator-768x433.webp 768w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/2023-2024-Kiddie-Tax-Calculator-1536x865.webp 1536w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/2023-2024-Kiddie-Tax-Calculator-150x85.webp 150w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/2023-2024-Kiddie-Tax-Calculator-750x423.webp 750w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/2023-2024-Kiddie-Tax-Calculator-1140x642.webp 1140w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/2023-2024-Kiddie-Tax-Calculator.webp 1640w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" type=\"image\/webp\"><img src=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/2023-2024-Kiddie-Tax-Calculator-1024x577.png\" height=\"577\" width=\"1024\" srcset=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/2023-2024-Kiddie-Tax-Calculator-1024x577.png 1024w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/2023-2024-Kiddie-Tax-Calculator-300x169.png 300w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/2023-2024-Kiddie-Tax-Calculator-768x433.png 768w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/2023-2024-Kiddie-Tax-Calculator-1536x865.png 1536w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/2023-2024-Kiddie-Tax-Calculator-150x85.png 150w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/2023-2024-Kiddie-Tax-Calculator-750x423.png 750w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/2023-2024-Kiddie-Tax-Calculator-1140x642.png 1140w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2024\/01\/2023-2024-Kiddie-Tax-Calculator.png 1640w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" class=\"wp-image-7508 sp-no-webp\" alt=\"kiddie tax calculator\" decoding=\"async\" loading=\"lazy\"  > <\/picture><\/figure>\n\n\n\n<p><strong>Kiddie Tax Calculator <\/strong>for 2023 &amp; 2024 is an attempt to simplify the calculation of tax on income earned by kids below a certain age.For the year 2024 &amp; 2023 , the latest on kiddie tax rules are simplified in this article <a href=\"https:\/\/www.irstaxapp.com\/kiddie-tax-2023-calculation-made-simple\/\">Kiddie tax made simple<\/a><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-662d97612f983\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-662d97612f983\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.irstaxapp.com\/kiddie-tax-calculator\/#Kiddie_Tax_Calculator_2022-2023\" title=\"Kiddie Tax Calculator 2022-2023\">Kiddie Tax Calculator 2022-2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.irstaxapp.com\/kiddie-tax-calculator\/#2024_2023_Kiddie_Tax_Rates\" title=\"2024 &amp; 2023 Kiddie Tax Rates\">2024 &amp; 2023 Kiddie Tax Rates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.irstaxapp.com\/kiddie-tax-calculator\/#Kiddie_Tax_Computation_Changes\" title=\"Kiddie Tax Computation Changes\">Kiddie Tax Computation Changes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.irstaxapp.com\/kiddie-tax-calculator\/#Reporting_Kiddie_Tax\" title=\"Reporting Kiddie Tax\">Reporting Kiddie Tax<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Kiddie_Tax_Calculator_2022-2023\"><\/span>Kiddie Tax Calculator 2022-2023<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<iframe loading=\"lazy\" width=\"100%\" height=\"900\" layout=\"responsive\" sandbox=\"allow-scripts allow-same-origin\" src=\"https:\/\/gsheetpress.com\/calculator?id=1674011959836\"><\/iframe>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2024_2023_Kiddie_Tax_Rates\"><\/span>2024 &amp; 2023 Kiddie Tax Rates<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table has-medium-font-size\"><table class=\"has-black-color has-text-color has-background\" style=\"background-color:#fae5aa\"><tbody><tr><td>2024<\/td><td>#1,300<\/td><td>$2,600<\/td><td>$14,600<\/td><\/tr><tr><td>2023<\/td><td>$1,250<\/td><td>$2,500<\/td><td>$13,850<\/td><\/tr><tr><td>2022<\/td><td>$1,150<\/td><td>$2,300<\/td><td>$12,950<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Kiddie_Tax_Computation_Changes\"><\/span>Kiddie Tax Computation Changes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Tax Cuts and Jobs Act (TCJA) no <g class=\"gr_ gr_6 gr-alert gr_gramm gr_inline_cards gr_run_anim Style multiReplace\" id=\"6\" data-gr-id=\"6\">doubt ,<\/g> tried to simplify the Kiddie Tax rules <g class=\"gr_ gr_7 gr-alert gr_gramm gr_inline_cards gr_run_anim Style multiReplace\" id=\"7\" data-gr-id=\"7\">considerably ,<\/g> <g class=\"gr_ gr_8 gr-alert gr_gramm gr_inline_cards gr_run_anim Style multiReplace\" id=\"8\" data-gr-id=\"8\">however ,<\/g> it still has lots of ifs and <g class=\"gr_ gr_9 gr-alert gr_gramm gr_inline_cards gr_run_anim Style multiReplace\" id=\"9\" data-gr-id=\"9\">buts .<\/g> &nbsp; Kiddie tax computation method is again restored to the original method of computation vide signing of&nbsp;<em>Appropriations Act of 2020<\/em>.<em>&nbsp;<\/em>The original kiddie tax computation taxes the child\u2019s net unearned income at the <a href=\"https:\/\/www.irstaxapp.com\/marginal-tax-rates-2022\/\">parents\u2019 marginal tax rates<\/a> if it\u2019s higher than the child\u2019s tax rate.Read the <a href=\"https:\/\/www.irstaxapp.com\/original-kiddie-tax-computation-method-restored\/\">kiddie tax changes <\/a>article here.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reporting_Kiddie_Tax\"><\/span>Reporting Kiddie Tax<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are two methods to report the kiddie tax. One method is to report the child&#8217;s income on his own return, by filing\u00a0<a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/f8615.pdf\" target=\"_blank\" rel=\"noopener\">Form 8615<\/a> and the second method is  to report the child&#8217;s income on the tax return of the parent earning higher by filing\u00a0<a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/f8814.pdf\" target=\"_blank\" rel=\"noopener\">Form 8814, Parents&#8217; Election to Report Child&#8217;s Interest and Dividends<\/a>.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kiddie Tax Calculator for 2023 &amp; 2024 is an attempt to simplify the calculation of tax on income earned by kids below a certain age.For the year 2024 &amp; 2023 , the latest on kiddie tax rules are simplified in this article Kiddie tax made simple Kiddie Tax Calculator 2022-2023 2024 &amp; 2023 Kiddie Tax [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7508,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"amp_enabled":false,"_links":{"self":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/pages\/2243"}],"collection":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/comments?post=2243"}],"version-history":[{"count":4,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/pages\/2243\/revisions"}],"predecessor-version":[{"id":7509,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/pages\/2243\/revisions\/7509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/media\/7508"}],"wp:attachment":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/media?parent=2243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}