On Memorial Day, we’re supposed to honor our fallen soldiers. But some military families aren’t feeling very appreciated this year: Congress still hasn’t fixed the
Read MoreTag: kiddie-tax
Taxes From A To Z (2019): K Is For Kiddie Tax
It’s my annual Taxes from A to Z series! This time, it’s Tax Cuts and Jobs Act (TCJA) style. If you’re wondering whether you can
Read MoreBack To School: If You Pay Your Kids An Allowance, Do You Also Pay Uncle Sam?
It’s Back To School Week on the blog! All week long, I’ll be answering your questions about school and tax – complete with fun giveaways. Next up: if you pay your child an allowance, what are the tax consequences to each of you?
Read MoreTaxes From A To Z: K Is For Kiddie Tax
K is for Kiddie Tax. It’s no secret that Congress is concerned about tax fraud. With loopholes and exceptions galore (all, ahem, actually created by
Read MoreI Kid You Not: Filing for Dependents
The arrival of catalogs at my house have done quite a bit to up my daughter’s work ethic. She has it in her head to
Read MoreAsk The Taxgirl: Tips & Income For Kids
Taxpayer asks: My daughter worked as a bagger (bagged groceries) last year at our base commissary. The baggers do not receive a salary and work
Read MoreAsk The Taxgirl: Allowances For Kids
Taxpayer asks: Hi,My husband and I have decided to open a bank account for our son. We’re going to give him an allowance every week.
Read MoreUp, Up & Away… In My Beautiful Tax Balloon
As the economy continues on its wild ride, the IRS has announced a series of adjustments for tax brackets and other provisions for the 2009
Read MoreAsk The Taxgirl: Kiddie Tax
Taxpayer asks: My son wants to know when he’ll have to file for taxes, he started mowing lawns this summer and is getting paid $25
Read MoreTax Changes For 2006 (Pt 4)
Prior to 2006, children under the age of 14 who have unearned income (dividends and interest) over $1600 and are claimed as dependents must be
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