zeeph
Returning Member

Education

Thanks @MayaD and @Hal_Al ,

 

@MayaD  the kiddie tax switched back to parents tax rate from 2020 onwards. 

@Hal_Al  and @MayaD - My question was whether the "kiddie-tax" deduction of $2200 also applies in addition to the $12,550 standard deduction or not? If so, the parents tax rate should not be charged on ALL income above $12,550 which is what TurboTax is doing. Should it be staggered? First $1100 at 0, next $1100 at 10 and anything above that at parent rate?, i,e, AFTER standard deduction ($12,550)? Thanks