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Glossary of Tax Terms

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Keogh Plan
Kiddie Tax

Keogh Plan

A pension or profit-sharing plan available to self-employed individuals and their employees.

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Kiddie Tax

A popular name for the Tax for Children Under Age 14 Who Have Investment Income of More Than $1,400. If you have children with substantial investment income, such as interest, dividends, rents, and royalties, your children will pay tax on their investment income at a rate based on your marginal tax rate.

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