Save on Taxes
Teach Work Ethic
Build Generational Wealth
Save on Taxes
Did you know employing your children is one of the best, legal tax strategies there is?
You can pay your children up to $13,850 for work they do in your business and this income will be TAX FREE to them, while being a business write-off to you.
Teach Work Ethic
Employing your children is exactly that - hiring them as an employee.
This means they must do the work, earn the wages, and be treated just like any other employee.
Build Generational Wealth
If your children have earned income, they can also contribute to a Roth IRA.
Contributing $6,500 a year from age 8 to age 18 can equal:
$100,000
of retirement savings by age 18.*
*Assuming average ROR of 8%
“I had no idea I could save on taxes by paying my children for the work they were already doing on my rental properties!”
—Theresa F.
Looking for a step-by-step guide on how to correctly employ your little ones?
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