If you set up a trust or other investment vehicle for your child, that child could incur taxes at a rate much higher than anticipated. The Kiddie Tax was enacted to prevent parents from transferring investments to the name of their child or children to take advantage of that child’s lower tax rate. Read on to learn more.
Latest posts by Michael Robinson, Estate Planning Attorney (see all)
- Just When You Thought You Understood the 10-Year Rule, Think Again - May 11, 2022
- Let’s Talk about Trusts…and Taxation - May 4, 2022
- Do You Have to Accept an Inheritance? - April 28, 2022