investment

Understanding the Kiddie Tax: What Families Need to Know

If your child earns income from investments—like dividends, interest, or capital gains—you may need to consider how the kiddie tax could impact your family’s tax situation. Designed to prevent income shifting between generations, this rule applies when a child’s unearned income exceeds $2,600 for the 2025 tax year. While the first $1,300 is tax-free and

Bad debt 101 – Going into debt to finance vacations

We are in the summer of 2024 and more and more Americans are willing to go into debt to finance their vacation. Note that the interest expense on personal debt is not deductible (in contrast with mortgage interest for your home). This post pandemic world never ceases to amaze me. Cost of living (home, rent,

By |2025-01-06T17:15:40+00:00August 19th, 2024|Categories: Individuals|Tags: , , , , , |
Go to Top