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The rules related to children's investment income have changed for 2008.
A child's investment income may now be subject to tax at the parent's rate if the child is 18, or a student under age 24, and the earned income is less than one-half of the child's support.
The amount of taxable investment income these children can have, without it being subject to tax at the parent's rate, has been increased to $1800 for 2008.
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