Tim Steffen, CPA/PFS, CFP®, CPWA®, Baird’s Director of Advanced Planning, spoke recently with Laura Saunders, tax reporter for The Wall Street Journal, about why the "Kiddie Tax" might sharply raise the cost of giving in some cases.
The article, "The Winners and Losers From the New ‘Kiddie Tax’," discusses the potential impact of this special levy on a child’s "unearned" income above $2,100 being taxed at trust tax rates could have on families and offers strategies to consider.
To discuss how tax reform legislation could impact your investments and wealth management plans, contact your Baird Financial Advisor.
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