Finance Questions » income tax http://www.finance-questions.com Sun, 14 Aug 2011 17:56:55 +0000 en hourly 1 http://wordpress.org/?v=3.1.2 http://www.finance-questions.com http://www.finance-questions.com/wp-content/plugins/maxblogpress-favicon/icons/favicon-48.ico Finance Questions Dependent Child’s Income Tax http://www.finance-questions.com/2007/06/dependent-childs-income-tax/ http://www.finance-questions.com/2007/06/dependent-childs-income-tax/#comments Tue, 26 Jun 2007 12:43:33 +0000 admin http://www.finance-questions.com/2010/07/dependent-childs-income-tax/
How is a dependent child 's income taxed? Dependent children age 14 and over are taxed at the rates for Single taxpayers.  Standard Deduction: A dependent child is entitled to a standard deduction of:  The higher of:  $850 (for 2006) or, $300 plus earned income (wages, salary, tips, etc.) up to a maximum of $5,150. [...]

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