Tax law changes could mean larger bills for parents

Published



Changes in federal tax laws for 2006 could find parents paying a hefty bill if they have investments in their children?s name.

“It?s keeping us from income shifting from a more well-to-do parent to the child,” Bryan Kelly, a certified financial planner with the Bel Air-based Kelly Financial Group LLC, said of the changes to the “kiddie tax” law.

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