Alternative Minimum Tax

Kiddie tax - Alternative minimum tax exemption

Answer:

For 2012 tax years, the alternative minimum tax exemption for a child subject to the Kiddie Tax is limited to the sum of (1) the child's earned income for the taxable year, plus (2) $6,950.
CPAdirectory
Answer Provided by: CPAdirectory

Share This Answer

Looking For More?

View all Alternative Minimum Tax Questions

View More Questions