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What is the Kiddie Tax thresholds in 2023?
I understand that the the Kiddie Tax 2023 thresholds are increased to $1,250 and $2,500.
However, the IRS still refers to $1,100 and $2,200 at https://www.irs.gov/taxtopics/tc553
and Turbotax still refers to $1,250 and $2,300 at https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/report-child-investment-income/...
So, I am confused. Please advise. Thanks.
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‎December 29, 2022
12:59 AM