Archive - June 21, 2017

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Generational Financial Planning Within The Kiddie Tax Limits

Generational Financial Planning Within The Kiddie Tax Limits

The kiddie tax (or “Tax for Certain Children Who Have Unearned Income” as the IRS calls it) is a set of tax laws which force unearned income over a small amount to be taxed at the higher tax rate of the parents. For 2017, the kiddie tax limits allows $1,050 to be received without being taxed and the next $1,050 to be taxed at the child’s rate, while any unearned income in excess of $2,100 is taxed at the parent’s top marginal rate.

This tax can cause the children of wealthy parents to lose any preferential treatment of qualified dividend …

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