• Be Aware of the Kiddie Tax Before Leaving an IRA to Children

• • Beneficiaries
  • Children
  • Elder Law
  • Elderly
  • Estate Planning
  • Grandchildren
  • Grandparents
  • IRA
  • IRA Gifting to Children
  • IRS
  • Jacksonville
  • Kiddie Tax
  • North Florida
  • Orange Park
  • Seniors
  • St. Augustine
  • Taxes
  • Wills
• 7 years ago
• Grandparents may be tempted to leave an IRA to a grandchild because children have a low tax rate, but the "kiddie tax" could make doing this less beneficial. An IRA can be a great gift for a grandchild. A young person who inherits an IRA has to take minimum distributions, but because the dist... [read more]