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The Kiddie Tax is No Child’s Game

November 1, 2021 by Elizabeth Neyens

If you set up a trust or other investment vehicle for your child, that child could incur taxes at a rate much higher than anticipated.  The Kiddie Tax was enacted to prevent parents from transferring investments to the name of their child or children to take advantage of that child’s lower tax rate.  Read on to learn more.

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Elizabeth Neyens
Elizabeth Neyens
Elizabeth Neyens currently practices in Woodbury, Minnesota, primarily in the areas of estate planning and, probate, which are two areas that involve family transitions, challenging circumstances, thoughtful decisions, and careful planning.Elizabeth aims to be not only a legal advocate, but also a calming influence.
Elizabeth Neyens
Latest posts by Elizabeth Neyens (see all)
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  • Let’s Talk about Trusts…and Taxation - April 4, 2022

Filed Under: Estate Planning, legal education, tax Tagged With: 529 Plan, attorney, consumer, estate planning, Kiddie Tax, Tax Cuts and Jobs Act of 2017, tax practitioner, unearned income, Uniform Gifts to Minors Act

About Elizabeth Neyens

Elizabeth Neyens currently practices in Woodbury, Minnesota, primarily in the areas of estate planning and, probate, which are two areas that involve family transitions, challenging circumstances, thoughtful decisions, and careful planning. Elizabeth aims to be not only a legal advocate, but also a calming influence.

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Neyens Law PLLC,
Oakdale, MN (Main Office)
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