Tax which applies to income of a minor child earned off the assets is known as the

Name: Tax which applies to income of a minor child earned off the assets is known as the
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The tax which applies to income of a minor child earned off the assets is known as the kiddie tax. It applies to children under the age of 19 or under the age of 24 if the child is a full-time student. This tax was designed to prevent parents from shifting their investment income to their children who may have lower tax rates.

Tax Which Applies to Income of a Minor Child Earned