IRC 1(g) cited . Form 8615

Kiddie Tax (College Student)

Full-time student under 24. See how much of your unearned income gets taxed at your parents rate.

Child unearned income (interest, dividends, capital gains)

Child earned income (wages from a job)

Parent marginal tax rate (%)

Child marginal rate on the middle band

Your kiddie tax (2024)

Tax-free band (first $1,300)

Taxed at child 10% ($1,300 band)

Unearned over $2,600 at parent rate

Tax on that parent-rate band

Total kiddie tax on unearned income

Have our office file Form 8615 for you

2024 kiddie tax thresholds: the first $1,300 of unearned income is offset by the standard deduction, the next $1,300 is taxed at the child rate, and unearned income over $2,600 is taxed at the parent marginal rate (IRC 1(g), IRS Pub. 929). Applies to a full-time student under age 24 whose earned income is half or less of their support. Estimates only, not tax advice. Phone 689-331-5723.