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Get your taxes done using TurboTax
For a child, on unearned income (i.e. interest) between $1,250. and $2.500., I think the tax rate for the child is 10%. Anything more than that is taxed at the parents marginal tax rate. Is that correct?
Does that change when the child is no longer my dependent?
‎June 21, 2024
5:06 AM