ThomasM125
Expert Alumni

Get your taxes done using TurboTax

I'm assuming your son is a minor.

 

If the income was unearned income, such as interest and dividends, it would typically be taxed at the parent's top marginal tax rate, which could be 22% as it appears to be.

 

If the income was self-employment income, it would be subject to a self-employment tax of about 15% in addition to the income tax. 

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