Why Shouldn’t You Add Your Kid’s Income Onto Your Tax Return?
This is an article by Carol Topp, CPA. Carol is the mother of two teenage daughters and she lives in Cincinnati, Ohio. She discusses teenagers and taxes at http://TeensandTaxes.com. Bonnie had been adding her son’s interest income to her tax return for many years. That was a $1,000 mistake. She was overpaying Uncle Sam and […]
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