Kiddie Tax - The Exceptions

In our last blog post, we discussed what is kiddie tax.

Some children are not subject to the Kiddie Tax. A few of the reasons a child would not be subject to the Kiddie Tax are:

• Children not required to file a return because they did not have enough income to report.
• Children who earned more than half of their required support. This also means that they are not likely to be a dependent of someone else.
• Anyone who files a married filing jointly tax return.

In our next blog post, we will discuss how does kiddie tax work.