apply to interest and dividends your children receive on their investments. Find out the kiddie tax 2011 limits and ages.
Kiddie Tax 2011:
- 2011 Kiddie Tax Amount: Greater than $1,900.
- 2011 Kiddie Tax Age: Applies to kids under 19, and dependent, full-time students under 24.
Kiddie Tax Income:
Income subject to the kiddie tax includes interest plus dividends plus other investment income. It excludes income your child earned at his job or self employment, which will be included in their child tax filing
Kiddie Tax Estimates:
To estimate the impact of the kiddie tax on your own return, you can use CompleteTax
to determine the amount of tax due on your child's investment income.