Youth Tax Fairness Act of 2019 This bill amends the Internal Revenue Code to treat certain income as earned income for purposes of the taxation of the unearned income of certain children (i.e., the kiddie tax). Such income includes (1) distributions from qualified disability trusts, (2) certain military survivor benefits, (3) certain first responder survivor benefits, (4) certain Indian tribal payments, (5) certain scholarships or fellowship grants, (6) Alaska permanent fund dividends, and (7) Social Security benefits. Treating such income as earned income allows it to be taxed at lower rates.
AlaskaDisability and paralysisFederal-Indian relationsFiresFirst responders and emergency personnelHigher educationIncome tax ratesInterest, dividends, interest ratesLaw enforcement officersMilitary personnel and dependentsSocial security and elderly assistanceStudent aid and college costsTax treatment of familiesVeterans' pensions and compensationWages and earnings
Youth Tax Fairness Act of 2019
USA116th CongressHR-4728| House
| Updated: 10/17/2019
Youth Tax Fairness Act of 2019 This bill amends the Internal Revenue Code to treat certain income as earned income for purposes of the taxation of the unearned income of certain children (i.e., the kiddie tax). Such income includes (1) distributions from qualified disability trusts, (2) certain military survivor benefits, (3) certain first responder survivor benefits, (4) certain Indian tribal payments, (5) certain scholarships or fellowship grants, (6) Alaska permanent fund dividends, and (7) Social Security benefits. Treating such income as earned income allows it to be taxed at lower rates.
AlaskaDisability and paralysisFederal-Indian relationsFiresFirst responders and emergency personnelHigher educationIncome tax ratesInterest, dividends, interest ratesLaw enforcement officersMilitary personnel and dependentsSocial security and elderly assistanceStudent aid and college costsTax treatment of familiesVeterans' pensions and compensationWages and earnings