May 8, 2018 - Jeffrey Levine is only 35, but for 24 years he's been hearing that it's a great idea for well-off folks to leave their IRAs to their grandkids, and for . Apr 27, 2018 - In 2018, under the new Tax Cuts and Jobs Act (TCJA) the kiddie tax will be based on the much more onerous tax rates for trusts, instead of the . Jan 11, 2018 - In the past, earnings subject to the kiddie tax were taxed at the parents' tax rate. Starting with 2018 returns, the parents' rate will not matter. Feb 2, 2018 - No, the kiddie tax applies if the only income you (as a child) had was . It would be nice for the kids to be able to submit their taxes well before then - if the . Jan 29, 2018 - The first ,100 (the amount up to the kiddie tax unearned income threshold) is taxed at 10% under the regular rates for single taxpayers, resulting in 10 of tax. The massive Tax Reform Act of 1986 first introduced the concept of the 'kiddie tax'. For the next 20 years, any unearned income above a certain threshold . Jan 31, 2018 - If the child's interest, dividends, and other unearned income total more than ,100, part of that income may be subject to tax at the parent's tax . Transferring assets to your children can be a wonderful introduction to investing for them, and a simple tax-saving strategy for you. In general, children are in a . Apr 2, 2008 - But that's the only bright spot for families burdened by the 'kiddie tax.' . 'It has ruined wonderful planning people have been doing for years, . The 'kiddie tax' in section 120.4 of the Canadian Income Tax Act generally applies to income of a child under 18 attributable to dividends or shareholder .