Apply Here Now – PPP Loan Program Ends March 31st

The Paycheck Protection Program provides small business loans with up to 100% forgiveness to help businesses impacted by COVID-19.
Funds are limited and will be disbursed on a first come, first served basis.

Apply Now

Kiddie Tax

Kiddie tax - Alternative minimum tax exemption


For the current year 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) $7,050.
Answer Provided by: CPAdirectory

Share This Answer

Looking For More?

View all Kiddie Tax Questions

View More Questions