It’s great to see college students, teenagers, and even younger children learn how to invest their money. Acquiring that knowledge at a young age lays the foundation for a lifetime of financial ...

If a child collects a sizable amount of money from investments or other sources of unearned income in a given year, their parent or guardian will likely need to pay taxes on it. While a portion of the ...

The kiddie tax is a set of tax rules designed to prevent parents from reducing their tax burden by shifting investment income to their children. It applies to children under the age of 18, or ...

Custodial accounts are a common way for parents and grandparents to save or invest on behalf of a minor, but they often raise tax questions. The IRS generally treats the minor as the taxpayer but ...

Key Points ・Teen brokerage accounts like Fidelity Youth are owned and controlled by the teen, while UGMA/UTMA custodial ...

Parents and grandparents have long given securities to youngsters so that the income from those investments is taxed at the children's lower rate. Last year, Congress tried to rein in this practice by ...

For years, higher earners employed the practice of putting investments in their children's names to avoid higher taxes on their gains. But then the IRS got wise to that ploy and implemented what's ...

Most of the time, I don’t agree with what Congress puts out in the form of tax law. I feel sorry for good folks, like U.S. Rep. Mark Amodei, who have to navigate through the cesspool of compromise to ...

For something whose nickname sounds so innocent, the “kiddie tax” certainly can wreak havoc on unprepared taxpayers’ yearly returns. Congress first introduced the kiddie tax as part of the Tax Reform ...

More children could be trapped by the dreaded "kiddie tax" this year. "This year, Congress has made income shifting a dream of the past," David Marotta and Beth Nedelisky of Marotta Asset Management ...

n the past, wealthy parents could significantly lower the family tax bill by transferring investment assets to minor children, resulting in investment income taxed at the kids’ (presumably lower) ...