DiSabatino CPA Blog

Mike DiSabatino CPA

A blog by Michael DiSabatino CPA with topics on Tax Savings, Business, Management and more...

Changes to the kiddie tax


Changes to the kiddie tax

The Tax Cuts and Jobs Act has changed the way unearned income is taxed for your children.

In the past, interest, dividends and other unearned income used to be taxed in phases. The first $1,050 was tax-free, the next $1,050 was taxed at the child's rate and any additional was taxed at the parent's tax rate.

The act now calls for all of a child's unearned income to be taxed using the estate and trust tax table. Call us if you have questions about how the changes will affect your situation.

DiSabatino CPA
Michael DiSabatino
651 Via Alondra Suite 715
Camarillo, CA 93012
Phone: 805-389-7300

This DiSabatino CPA Quick Tip provides thought invoking information regarding the subject matter at time of publishing. Please call with any questions on how this information may impact your situation. This material may not be published, rewritten or redistributed without permission, except as noted here. All rights reserved.

Rate this blog entry:
Watch out for scams this tax season
Why walking away from sunk costs is the best optio...

Related Posts


Speed Up Your Success!

Contact Us Today: 1-805-389-7300

© 2006-2018 Michael DiSabatino, CPA. All Rights Reserved.