Kiddie Tax
A special tax on the investment gains and unearned income of minor children is popularly known as the kiddie tax.
kiddie tax
tax filed by parents on Form 8615 for the investment income of children under age 14 exceeding $1,600. Tax is at parent's top tax rate. In some cases, however, parents may elect to report such children's income on their own returns.
Kiddie tax
Tax owed for the investment income of children if the amount is more than $1,400.
Killer bees ...
Kiddie Tax - A special tax law created in 1986 imposed on individuals under 17 years old whose earned income is more than an annually determined threshold. Any extra income earned above of the threshold is taxed at the guardian's rate.
Kiddie tax
A popular name for the tax for children under age 18 who have investment income of more than $1,700.
Kiddie Tax (business term)
Related answers:
If you have income from stock dividends and losses from stock trades can you deduct the loss from the dividends for tax purposes? Read answer...
KIDDIE TAX Term used to describe tax levied in the US on the unearned income of a child under 14. The income is taxed at the parent's highest rate of tax.
The purpose of the Form 8615 is to impose the "kiddie tax" - that is, to make sure that a child's unearned income is taxed at the parents' top marginal tax rate, for all children under 14.
Income splitting tax (“Kiddie Tax”)
In an effort to further discourage income splitting with minor children, especially through the use of family trusts, a special income splitting tax, effective January 1, 2000, ...
How to Understand Kiddie Tax
Tips and advice for personal finance from the Dolans. This video focus' on how to understand kiddie tax and the changes that have been made to it. (02:44)
What's Realistic for Health-Care Reform? (Morningstar) ...
An additional feature of a debt obligation that increases its marketability and attractiveness to investors.
Kiddie tax
Tax owed for the investment income of children if the amount is more than $1,400.
Killer bees ...
Kiddie Tax
In the US, a tax imposed on the investment income of children under the age of 14 where such income exceeds a certain level. The tax level i...(Read more)
Knock For Knock Agreement ...
It should be noted that some 529 Plans allow the registration of an UGMA/UTMA 529 Plan account. One benefit to doing this is that the assets, once subject to the "kiddie tax, ...
In the event of the premature death or disability of the key employee, the death benefit can be used by the company to ease the transition until a replacement can be found. KIDDIE TAX A provision in the tax code whereby parents pays taxes for ...
 See also: Investment income, Keogh Plan, Compensation, Banks, Life insurance policy
  
|
RSS
