1. Business & Finance

Discuss in my forum

Kids and Taxes

Tax Guide for Kids

By , About.com Guide

Taxes affect everyone, even kids. Whether it's teaching your children about taxes, or filing a child's tax return, we'll cover it all in the tax guide for kids.

1. When Do Kids Need to File Taxes?

Kids need to start filing taxes once they reach a certain income limit, for both earned and unearned income. Find out the income limits and how to file a child's tax return.

2. Do I Pay Taxes on My Children’s Income?

Did your children earn interest on their savings accounts last year? Find out if they need to pay income taxes on their earnings and how to file.

3. What is the Kiddie Tax?

Kids who earn interest and dividends from investments may be subject to the kiddie tax. Find out what the kiddie tax is and when it applies.

4. Teach Your Children About Taxes

Children will often be surprised by the withholding on their first paycheck. Introduce the concept of taxes early on and their paycheck will meet their expectations.

©2012 About.com. All rights reserved.

A part of The New York Times Company.