Retirement Savings Vehicles - Finra Foundation - Investment income in retirement

The investment income in excess of $1,300 was included on Form 1040, line 21. The remaining investment income in excess of the $650 standard deduction was taxed at the child’s rate (15 percent), added to the parents’ tax on Form 1040, line 38, and is also tabulated separately in Tables 3.4 and 3.5. ................
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