Category Archives: 2013 Kiddie Tax

Claiming the Child and Dependent Care Tax Credit

  The Child and Dependent Care Credit can help offset some of the costs you pay for the care of your child, a dependent or a spouse. Here are some facts the IRS wants you to know about the tax credit for child and dependent care expenses. Our Bergen County CPA office offers you insight to this. If you paid… (more…)

2013 Kiddie Tax

The amount used to reduce the net unearned income reported on a child’s tax return subject to the “kiddie tax,” is $1,000, up from $950 for 2012. The so-called kiddie tax is a tax rule that is levied on unearned income (interest, dividends and capital gains) earned by children under the age of 19 and college students under the age… (more…)