07/04/2026
We all have hopes and dreams for our children.
Whether they are our biological children, adopted, nieces, or nephews.
Nobody wants their child(ren) to be behind the ball when it comes to money and finances.
Do you have investments set up for your children that allow them to receive unearned income?
This could be interest, dividends, and capital gains.
If so, do you understand the tax implications of this income?
It may be subject to kiddie tax - paid with their tax return or maybe reported on yours.
I covered this on the latest episode of The Tax Relief with Timalyn Bowens podcast yesterday.
It's Episode 88, and you can listen to it wherever you stream podcasts or on YouTube.
❤ Timalyn, America's Favorite EA
P.S. If this doesn't apply to you, but you're an Enrolled Agent serving families, then you'll want to educate yourself on the kiddie tax implications. This podcast episode is a good start.