US EditionAge-Related Tax Milestones - DWC CPAs and Advisors
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Age-Related Tax Milestones - DWC CPAs and Advisors
They say age is just a number — but in the world of tax law, it’s much more than that. As you move through your life, the IRS treats you differently because key tax rules kick in at specific ages. Here are some important age-related tax milestones for you and loved ones to keep in mind as the years fly by. Ages 0–23: The Kiddie Tax The kiddie tax can potentially apply to your child, grandchild or other loved one until age 24. Specifically, a chi…
Milestone moments: How age affects certain tax provisions
They say age is just a number — but in the world of tax law, it’s much more than that. As you move through your life, the IRS treats you differently because key tax rules kick in at specific ages. Here are some important age-related tax milestones for you and loved ones to keep in mind as the years fly by. Ages 0–23: The kiddie tax The kiddie tax can potentially apply to your child, grandchild or other loved one until age 24. Specifically, a chi…
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