Kiddie Tax

Is my 18 year old child with $2,200 in investment income subject to the Kiddie Tax ?

Answer:

Yes. The "Kiddie Tax" is applicable to children under 19 years . The "Kiddie Tax" is a tax on children with gross investment income of $2,000 or more. The calculation of the child's tax yields a higher tax calculation using the parents' higher tax rate when applicable.
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