Hal_Al
Level 15

Education

@mohad62  - Google says you are correct: the kiddie tax based on trust rates was  repealed. In addition,  the legislation allows taxpayers to elect to have the change apply retroactively to the 2018. Taxpayers will  have to file amended federal income tax returns to claim a refund of the excess tax for 2018.

 

References: https://www.savingforcollege.com/article/congress-passes-kiddie-tax-fix

https://www.barrons.com/articles/the-secure-act-isnt-only-about-retirement-51578946297