Tag Archives: unearned income

Tax Rules for Children With Investment Income

bigstock-Happy-Kid-Girl-In-Glasses-Look-97346081Children who receive investment income are subject to special tax rules that affect how parents must report a child’s investment income. Some parents can include their child’s investment income on their tax return, while other children may have to file their own tax return. If a child cannot file his or her own tax return for any reason, such as age, the child’s parent or guardian is responsible for filing a return on the child’s behalf. Continue reading

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Tax Tips for Children with Investment Income

investment incomeSpecial tax rules may apply to some children who receive investment income. The rules may affect the amount of tax and how to report the income. Here are five important points to keep in mind if your child has investment income this year: Continue reading