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  2. Uniform Gifts to Minors Act - Wikipedia

    en.wikipedia.org/wiki/Uniform_Gifts_to_Minors_Act

    The current rule is that for beneficiaries under 19 (under 24 if a student), the first $1,050 of unearned income is tax-free, the second $1,050 is taxed at the minor's rate (typically 12%), and the amount over $2,100 is taxed at the ordinary and capital gains rates applicable to trusts and estates. UGMA and UTMA accounts can invest in the stock ...

  3. How to give stock as a holiday gift

    www.aol.com/finance/stock-holiday-gift-110006270...

    For adults, you can transfer shares from an existing investment account to the recipient’s brokerage account. You can gift up to $17,000 in calendar year 2023 ($18,000 in 2024) without ...

  4. Uniform Transfers to Minors Act - Wikipedia

    en.wikipedia.org/wiki/Uniform_Transfers_to...

    The Uniform Transfers To Minors Act (UTMA) is a uniform act drafted and recommended by the National Conference of Commissioners on Uniform State Laws in 1986, and subsequently enacted by all U.S. States, which provides a mechanism under which gifts can be made to a minor without requiring the presence of an appointed guardian for the minor, and which satisfies the Internal Revenue Service ...

  5. Best custodial investment accounts - AOL

    www.aol.com/finance/best-custodial-investment...

    A custodial account is a popular way for parents and guardians to invest for their children’s future. Accounts are easy to set up and manage, and the adult custodian can choose from a wide range ...

  6. What is a custodial account? - AOL

    www.aol.com/finance/custodial-account-173403481.html

    Here’s how custodial accounts work.

  7. Generation-skipping transfer tax - Wikipedia

    en.wikipedia.org/wiki/Generation-skipping...

    The U.S. generation-skipping transfer tax (a.k.a. "GST tax") imposes a tax on both outright gifts and transfers in trust to or for the benefit of unrelated persons who are more than 37.5 years younger than the donor or to related persons more than one generation younger than the donor, such as grandchildren. [1]

  8. How to open a savings account for a baby or child - AOL

    www.aol.com/finance/open-savings-account-baby...

    Your ability to include investments provides the potential for larger long-term gains than a savings account. A downside of custodial accounts is that since the assets are owned by a minor, it ...

  9. Hall income tax - Wikipedia

    en.wikipedia.org/wiki/Hall_income_tax

    The Hall income tax accounts for about 2% of Tennessee's state tax collections. [16] Revenue from the Hall tax peaked at $289.7 million during Tennessee's fiscal year 2008, when almost 192,000 households paid Hall income tax, based on returns filed for calendar year 2007. [ 16 ]