Finance: Kiddie tax saving strategies

(Reuters) - The latest move came at the end of May, when Congress tucked another kiddie tax change into the Iraq spending bill. Now, starting with tax year 2008, any "kids" who are full-time students will be taxed at their parents' rate until they are 24. That's a further restriction from last year's tightening, which bumped up the age at which kids could be taxed at their own rates from 14 to 18.




All in all, it wipes out some useful tax-saving strategies.


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