4. Kiddie Tax

Section 1(g) of the Internal Revenue Code provides that the tax on the net unearned income of a child is computed at the marginal rate of the child's parent. Under section 1(g)(4)(A)(ii), a child's net unearned income generally equals unearned income less the sum of (I) the "amount in effect for the taxable year" under section 63(c)(5)(A), plus (II) the greater of the amount described in (I) or the amount of certain itemized deductions. Near the end of each year, the IRS issues a revenue procedure containing the inflation-adjusted "amount in effect" for the following tax year. These are the amounts for tax years dating back to 1992.

Kiddie Tax
Tax Year	Amount in Effect
2024	$1300
2023	$1250
2022	$1150
2021	$1100
2020	$1100
2019	$1100
2018	$1050
2017	$1050
2016	$1050
2015	$1050
2014	$1000
2013	$1000
2012	$950
2011	$950
2010	$950
2009	$950
2008	$900
2007	$850
2006	$850
2005	$800
2004	$800
2003	$750
2002	$750
2001	$750
2000	$700
1999	$700
1998	$700
1997	$650
1996	$650
1995	$650
1994	$600
1993	$600
1992	$600

Sources: Rev. Proc. 2023-34; Rev. Proc. 2022-38; Rev. Proc. 2021-45; Rev. Proc. 2020-45; Rev. Proc. 2019-44; Rev. Proc. 2018-57; Rev. Proc. 2017-58; Rev. Proc. 2016-55; Rev. Proc. 2015-53; Rev. Proc. 2014-61; Rev. Proc. 2013-35; Rev. Proc. 2012-41; Rev. Proc. 2011-52; Rev. Proc. 2010-40; Rev. Proc. 2009-50, Rev. Proc. 2008-66, Rev. Proc. 2007-66, Rev. Proc. 2006-53, Rev. Proc. 2005-70, Rev. Proc. 2004-71, Rev. Proc. 2003-85, Rev. Proc. 2002-70, Rev. Proc. 2001-59, Rev. Proc. 2001-13, Rev. Proc. 99-42, Rev. Proc. 98-61, Rev. Proc. 97-57, Rev. Proc. 96-59, Rev. Proc. 95-53, Rev. Proc. 94-72, Rev. Proc. 93-49, Rev. Proc. 92-102, and Rev. Proc. 91-65