What Is Kiddie Tax And How To Avoid It?

Edward Carter13 Feb, 2024Business

Kiddie Tax was introduced to deter wealthy parents from pushing certain incomes into their children?s lower tax rates. This tax provision has seen many revisions. Families with unearned income subject to Kiddie Tax have to file IRS Form 8615 along with their federal tax return. Schedule a call with G&S Accountancy's tax experts and see how we can help you.