S 2522
A bill to amend the Internal Revenue Code of 1986 to treat certain tribal benefits and Alaska Permanent Fund dividends as earned income for purposes of the kiddie tax.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill changes how the ‘kiddie tax’ is calculated for children. It treats certain payments received by children as ‘earned income,’ meaning they won’t be subject to the higher tax rates applied to unearned income. Specifically, it includes payments from tribal governments, Native corporations, Settlement Trusts, and Alaska Permanent Fund dividends in this calculation. This aims to reduce the tax burden on children receiving these types of benefits.
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