For children with unearned income, the change made with the Tax Cuts and Jobs Act of 2017 to the calculation of tax on that income, the so-called “kiddie tax”, has been repealed.  This tax is now calculated as it was prior to 2018.  In addition, if the taxpayer was subject to this tax, an election may be made to amend the 2018 return to recover any difference between the revised tax and the tax as paid.  If your children were subject to this tax in 2018, please contact our office to discuss whether an amended 2018 return may be beneficial.