If you set up a trust or other investment vehicle for your child, that child could incur taxes at a rate much higher than anticipated. The Kiddie Tax was enacted to prevent parents from transferring investments to the name of their child or children to take advantage of that child’s lower tax rate. Read on to learn more.
Latest posts by Daniel DeBruyckere (see all)
- Do I Need an Attorney to Administer a Trust? - January 26, 2023
- How Using a Trust Can Protect a Valuable Inheritance - January 24, 2023
- What Seniors Need to Know to Protect Assets - January 19, 2023