Custodial accounts are a common way for parents and grandparents to save or invest on behalf of a minor, but they often raise tax questions. The IRS generally treats the minor as the taxpayer but ...

Editor’s note: This is the fourth article in a six-part series focused on paying for education using smart financial and estate planning. Part one is Direct Tuition Payments: A Tax-Efficient Way to ...

A custodial account is a financial account set up by an adult for a minor, typically to save or invest money for their future. The adult, known as the custodian, manages the account until the child ...

Home Taxes Tax Planning How to Slash Kiddie Taxes on Your Child's UTMA Account Gifts to children can come with tax strings. To keep your child's gift growing and avoid tax bills for yourself along the ...