- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Education
Two cups of coffee and a clearer head now. "kiddie tax" and "taxed at parent's tax rate" is basically saying the same thing. Generally, if the total of all the students income from all sources (including scholarships) exceeds $6,350 after all the deductions are done, then taxes will be assessed on the student's income. If any of that income is from scholarships/grants, then that specific income is taxed at the parent's higher tax rate.
‎June 7, 2019
3:03 PM