What is the maximum amount of passive income a child can have before they are taxed at their parent’s rate?
I live in Texas and would like to know how much I can pay my child passive income before she is taxed at my tax rate. thanks
Related posts:
- How To Flip Websites to Generate Passive Income and Maximum Profits
- If our Government values workers over the lazy why tax wage income at a much higher rate than passive income?
- How much amount of money do you need to accumulate in order to invest it for passive income?
- Does a 14 year old child have to file a federal income tax return if earning passive income from a UMTA?
- interest -passive investment income or biz profit for a foreign financial institution who conduct biz in US?
Comments
Children under age 18 who have investment income greater than $1,700 may to subject to tax based on their parents’ income.
Unearned Income:
$ 0 – 850….Not taxable
$851 – $1,700…Child’s rate
over $1,700…Parent’s Rate