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In 2018, a 14-year-old child’s unearned income is taxed at the estates and trusts tax rate...

In 2018, a 14-year-old child’s unearned income is taxed at the estates and trusts tax rate when the child’s unearned income exceeds $____________.

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Earlier the unearned income of children ware taxed at an aggressive rate of 32.2%. Now there are certain amendments ware made for taxing the income of children estate or trusts income.

There are certain threshold limits and basic exemption is also given.

When the unearned income of child does not exceed $2200 there no tax to be paid. Above the income of $2200 there are certain bracket limits to be applied.

Up to $2600 10%

$2601-$9300 24%

$9301-$12750 35%

All over $12750 37%

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