DiSabatino CPA Blog
Don't have a mutual fund-kiddie tax surprise
Many taxpayers purchase mutual funds in their children's names to take advantage of their lower-tax rates.
By keeping their child's unearned income below $2,100 the tax is low or non-existent. A surprise dividend or capital gain could expose much of this unearned income to higher tax rates.
As always, feel free to pass this Tip along to friends, and reach out if you need help with your personal tax and finance situation.
DiSabatino CPA
Michael DiSabatino
651 Via Alondra Suite 715
Camarillo, CA 93012
Phone: 805-389-7300
ww.sharpcpa.com
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 This material may not be published, rewritten or redistributed without permission, except as noted here.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.
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