Be Aware of the Kiddie Tax Before Leaving an IRA to Children
Grandparents may be tempted to leave an IRA to a grandchild because children have a low tax rate, but the “kiddie tax” could make doing this less beneficial.An IRA can be a great gift for a grandchild. A young person who inherits an IRA has to take minimum distributions, but because the distributions are based on the … Continue reading Be Aware of the Kiddie Tax Before Leaving an IRA to Children
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed