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Sunday, July 29, 2018

Kiddie Tax Summary

The 2017 Tax Act reworked the Kiddie Tax. The Kiddie Tax acted to increase the rate of tax on the unearned income of children so that their family could not benefit from diverting investment income to children who are taxed in a lower tax bracket.

Below is an overview of the new provision that should bring you up to speed on the revisions in 3 minutes or less. A larger, more readable PDF version can be download by clicking THIS LINK.



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