Change In The 2006 ‘Kiddie Tax’

The 'kiddie tax' has been changed to apply to all children under the age of 18. It previously only applied to children under the age of 14. Therefore, for children under 18, all unearned income greater than $1,700 will be taxes at the parent's top tax rate.

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What Is The Child Tax Credit?

A Child Tax Credit is available to most taxpayers for each 'qualifying child'. This tax credit is an easy way to save some money on your tax return. Here's what you need to know.

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