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Daily Archives: October 17, 2018

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Kiddie Tax No Longer Based on Parents’ Tax Rate

Blog, TaxBy Editorial TeamOctober 17, 2018

Some years back, it was not uncommon for parents to put their investments in their dependent children’s names to take advantage of their children’s lower tax rates. Although the Uniform Gift to Minors Act legally made a child the owner of money put into his or her name, this didn’t stop parents from routinely putting…

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