My daughter only has income from dividends and capital gains. Her tax bill tripled this year, but is still under $38,600. Why did her taxes go up so much?
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My daughter only has income from dividends and capital gains. Her tax bill tripled this year, but is still under $38,600. Why did her taxes go up so much?
My daughter only has income from dividends and capital gains. Her tax bill tripled this year, but is still under $38,600. Why did her taxes go up so much?
The Tax Cuts and Jobs Act changed how the Kiddie Tax works. Please see this faq for Kiddie Tax for more info: