Questions tagged [children]
The children tag has no usage guidance.
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Does a gift to a baby that's accepted by a parent count as a gift to the parent?
I live in the United States, and I recently had a baby girl. My mother would like to give her some money by check, but the baby doesn't have a bank account yet. I've read that I should be able to ...
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How to share income after marriage and kids?
My girlfriend and I are thinking about marriage and having children and I have spent the last days trying to figure out concepts how to handle finances from that point forward. I believe that this is ...
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How can I gift mutual funds to my 1 year old nephew?
My nephew is getting ready to turn 1 year old and I would like to gift him mutual funds. Are there any special types of accounts out there to allow this sort of gifting? I'm not looking to set up a ...
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Can I deduct child's charitable deduction from my taxes?
My five year old daughter negotiated $20 in back allowance (we hadn't paid her allowance in a while, and she's a better negotiator than me) and then donated that money at her school to a charity for ...
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Where can I put savings for my kid that I literally cannot withdraw from?
I currently have a second savings account where I'm saving money for my child's future - most likely it will be used for their college and/or wedding.
I've heard horror stories of parents stealing ...
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Does our baby need to file a tax return?
My friends had a baby last year, and he's turning 8 months by April 15, 2016. The parents are going to file a joint tax return this year. Can they claim their baby as a dependent? Should they ...
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Child Healthcare costs - Statistics by age
Are there statistics, both current and projected, on healthcare costs (absolute dollar amounts) in the USA for children at various ages?
I googled this and found this study: http://www....
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Debit card for minor (< 8 y.o.) [closed]
I have a child who has expressed interest in using a debit card. He knows about money, can count coins and banknotes, and really wants to have a debit card. I want to use this as a learning experience ...
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Coverdell ESA Tax Consequence For Corporate Contribution
I have a small business (C corp) and noticed that corporations can contribute to an Coverdell ESA account with no income limit.
Can I create an ESA account for a child and fund it 100% from corporate ...
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Can I claim my daughter as a dependent on my 2014 tax return even though she got married in August?
Can I claim my daughter as a dependent on my 2014 tax return even though she got married in August? She did not live at home but was a full-time student for at least 5 months out of the year, and we ...
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Is a child also a dependent in IRS withholding calculator?
I am trying irs.gov website's withholding calculator. I am confused with this page:
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I have one minor child. Should I mention her as dependent here, "Select the number of dependents (other than ...
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Most effective instant access savings for a child - UK
We have a maxed out stocks and shares ISA for our baby - what is the most effective non-term limited account that can be in her name? We're thinking it will be useful for birthday parties, clothes etc....
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Do my kids need to file a tax return?
My kids (minors) each received a gift of some stock from my wife's parents last year. The stock is in the kids' names, with my wife listed as the custodian. They each made just slightly over $100 in ...
- 116k
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What is the difference between Child Benefit and Child Tax Credit?
In the UK, how does Child Tax Credit differ from Child Benefit? It appears to me that those who receive Child Tax Credit are fewer than those who receive Child Benefit, as there are more criteria ...
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How should I include pension contributions in my UK Child Benefit calculations?
I'm using the gov.uk Child Benefit Tax Calculator and I don't know how I include my pension contributions in the "Pension contributions deducted from your pay" and "Pension contributions not paid from ...
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