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New Kiddie Tax Rules Special kiddie tax rules apply to children under age 18 who have unearned income of more than $1,700 in 2007. Unearned income generally includes all income except wages, salaries, and self-employed earnings (i.e., dividends and interest).   Home Office Deductions If you are self-employed (or considering becoming self-employed) and working out of an office in your home, there are strict rules that apply to deducting expenses related to a home office. If you are able to meet these requirements, the expenses related to your home office will qualify for the more favorable treatment as above-the-line business expenses.   Teaching Children about Money How to tie their shoes and tell time are important skills parents teach their children. But don?t forget the important skill of learning how to handle money. If you don?t teach them, they?ll be left to the experts on the schoolyard or (worse yet) Madison Avenue.