what is the kiddie tax rate for 2023 
under the kiddie tax law all unearned income over the threshold is taxed at the parent s marginal income tax rate rather than the child s tax rate in the 2023 tax year unearned income under 1 250 qualifies for the standard deduction the next 1 250 is taxed at the child s tax rate which is very low sometimes 0 and then anything over is taxed at the guardian s tax rate which could be as high as 37 12the irs taxes any income exceeding the predetermined threshold at the parent s tax rate 