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Education
Q. My dependent son has a taxable unearned income of $4830 and TT says he owes over $1,000 in federal taxes. Does this sound right?
A. Yes. That appears to be 37% tax rate, the highest federal bracket.
Q. Is this because of the kiddie tax?
A. Yes. Everything over $2600 is taxed at the parents marginal rate.
March 17, 2025
6:08 AM