
Tax Cuts and Jobs Act Individuals
The Tax Cuts and Jobs Act is the biggest federal tax law change in over 30 years. Below are some significant changes affecting individuals. Note: Except where noted, the changes are effective for tax years 2018– 2025. Kiddie Tax. Generally, the Kiddie Tax applies to certain children with unearned (investment) income that exceeds $2,100. For tax years 2018 through 2025, the tax is computed by applying the tax rates applicable to estates and trusts to the net unearned income of