Leveraging Kiddie Tax Rules to Save on Owed Taxes

The term “kiddie tax” was introduced by the Tax Reform Act of 1986. The kiddie tax rules are intended to keep parents from shifting their investment income to their children to have it taxed at their child’s lower tax rate. In 2022 the law requires a child’s unearned income (generally dividends, interest, and capital gains)Read more about Leveraging Kiddie Tax Rules to Save on Owed Taxes[…]