For 2013,unearned income in excess of $2,000 of a child under age 18 is generally taxed at the parents' rate.

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Quizplus · Accepted Answer

This is true. Prior to 2018, unearned income of minors that exceeded $2,000 was taxed at the parents' marginal tax rate, known as the "Kiddie Tax." The Tax Cuts and Jobs Act of 2017 changed this rule for tax years 2018-2025, and unearned income over $2,200 is now taxed at the trust and estate tax rates.

For 2013,unearned Income in Excess of $2,000 of a Child