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Kiddie tax

Kiddie tax Definition

Refers to the tax treatment that applies to children under the age of 14 who have investment income. Unearned income (dividends, interest, capital gains, etc.) of $700 or less is not subject to any tax. Unearned income of $700 to $1,400 would be taxed at the child’s rate, usually 15%. If a child’s unearned income is greater than $1,400 than this income would be taxed at the parents’ top tax rate.

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