Taxing Teens: Working Children, Family Businesses, and the Kiddie Tax
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2018
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This report reviews different types of income sources for kids and young adults and the associated tax implications. It also discusses the revised kiddie tax rules — a mechanism intended to discourage parents from transferring assets to their children to lower their own tax liabilities — after the 2017 tax act.
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Beebe, Joyce. "Taxing Teens: Working Children, Family Businesses, and the Kiddie Tax." Baker Institute Report, 11.09.18, (2018) James A. Baker III Institute for Public Policy: https://www.bakerinstitute.org/research/taxing-teens-working-children-family-businesses-and-kiddie-tax/.