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Get your taxes done using TurboTax
Could be 2 different things. They are subject to the Kiddie Tax. I don't know how that works.
Also their Standard Deduction is only the W2 income plus $400 so it doesn't offset all the interest income. So they have $900 of taxable income. Tax on that is $91.
‎February 19, 2024
9:21 AM