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2 watercolor, by Martha Underwood. About the piece, the artist comments: "This watercolor painting is one of a series which employed the subject matter made of paper. My interest was in painting the shadows cast by the shapes, as well as the way light hills the peaks of the folds. Other paintings were of paper kites, paper bags, and paper birds and animals." Martha Underwood is a professor of art at Chaffey College. She works and teaches in a variety of media including watercolor, oil, and draw.

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Related content

Publication 4012-A (2-2023)
... file a tax return and have unearned income over $2,300 must file Form 8615. For this...
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You can avoid kiddie tax when the age, income, or support test — if applicable — is not met during the tax year. Reducing or eliminating a child's investment income by shifting to tax-free investments can minimize the impact of the kiddie tax or allow a child to avoid the kiddie tax rules. Kiddie tax : Overview & FAQs | thomsonreuters.com https://tax.thomsonreuters.com › glossary › kiddie-tax thomsonreuters.com https://tax.thomsonreuters.com › glossary › kiddie-tax

Unearned income from interest, dividends, and capital gains are taxed in tiers defined by the IRS. For a child with no earned income, the amount of unearned income up to $1,250 is not taxed in 2023. The next $1,250 is taxed at the child's rate. Any amount above $2,500 is taxed at the parents' rate.

A minor who may be claimed as a dependent needs to file a return if their income exceeds their standard deduction. A minor who earns less than $13,850 in 2023 will usually not owe taxes but may choose to file a return to receive a refund of tax withheld from their earnings.

When does the kiddie tax apply for the 2023 tax year? The kiddie tax applies once the dependent's unearned income surpasses the $2,500. Their own marginal tax rate will apply for unearned income between $1,250 and $2,500.

The Kiddie Tax is a part of income tax rules that apply to individuals under 18 years and full-time students under 24 years of age. If the child's unearned income, or investment income, is more than the Kiddie Tax threshold for the tax year, then the child must pay tax on any unearned income over the threshold.

Purpose of Form For children under age 18 and certain older children described below in Who Must File , unearned income over $2,500 is taxed at the parent's rate if the parent's rate is higher than the child's. If the child's unearned income is more than $2,500, use Form 8615 to figure the child's tax. Instructions for Form 8615 (2023) | Internal Revenue Service irs.gov https://.irs.gov › instructions › i8615 irs.gov https://.irs.gov › instructions › i8615

When you report your child's interest and dividend income on your return, file Form 8814 with your return. If your child files their own return and the kiddie tax applies, file Form 8615 with the child's return. Should You Pay Kiddie Tax on Unearned Income? - H&R Block hrblock.com https://.hrblock.com › income › other-income › chil... hrblock.com https://.hrblock.com › income › other-income › chil...

If a child is under 18 and received more than $2,500 of non-wage income, Form 8615 may be required. Form 8615: Tax for Certain Children with Unearned Income Jackson Hewitt https://.jacksonhewitt.com › tax-help › irs › form... Jackson Hewitt https://.jacksonhewitt.com › tax-help › irs › form...

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232