Kiddie tax: New hazards, new opportunities
$225.00
Description
Abstract: Under the new tax law, children with unearned income may find themselves in a higher tax bracket than their parents. At the same time, the law creates new opportunities for family income shifting. This article outlines one strategy for higher-income families. A sidebar explains that, starting in 2018, 529 plan funds can be used to pay elementary and secondary school as well as college expenses.
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