Who pays income taxes on interest earned on a joint savings account that is owned by your minor child and yourself and is there an amount he can earn that is not taxable?

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1221806

2026-08-02 17:15

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The laws are different in different countries so you may wish to check with the tax authorities or an accountant or, easiest, whoever you are saving with. A minor child does have a small allowance but the parent is liable for taxes - and that would be at the parent's highest rate.

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