In previous years, there was a schedule(s) to enter parents and sibling income. TTax does not ask for it this year? Or, I'm not navigating TTax correctly. Did the tax law change on how to compute taxes for the dependent child who files their own return?
You'll need to sign in or create an account to connect with an expert.
Yes, the new laws have changed how it is computed.
"Change in tax rates. The Tax Cuts and Jobs Act of 2017 has modified the tax rates and brackets that you will use to figure the tax on your 2018 unearned income. Your tax rate is no longer affected by the tax situation of your parents or the unearned income of any siblings. Instead, all net unearned income over a threshold amount of $2,100 for 2018 is taxed using the brackets and rates for estates and trusts." https://www.irs.gov/pub/irs-pdf/i8615.pdf
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
jlwsgfi22--
New Member
hbnana22
New Member
sun8
New Member
RefundableAOTC
New Member
alainamholly
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.