For 2010, the amount of exemption that a child can enjoy on any interest, dividends or capital gains income is limited to:

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In 2010, the exemption amount for a child's unearned income, such as interest, dividends, or capital gains, was limited to $950. This is part of the "kiddie tax" rules, which tax a child's unearned income over a certain threshold at the parent's tax rate.

For 2010, the Amount of Exemption That a Child Can