Definition of kiddie tax in English:

kiddie tax

Syllabification: kid·die tax

noun

informal
  • Tax on a child’s investment income, which is taxed at the parents' rate under certain conditions.
    More example sentences
    • Unearned income within reach of the kiddie tax includes interest, dividends and capital gains.
    • The kiddie tax applies regardless of whether the child may be claimed as a dependent by either or both parents.
    • The new laws apply the kiddie tax to persons under the age of 19 and also to persons under age 24 who are full-time students.

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Word of the day skosh
Pronunciation: skōSH
noun
a small amount; a little