How To Save Taxes By Hiring Your Kids
1:29
YouTubeMark J Kohler
How To Save Taxes By Hiring Your Kids
Yes, you can hire your kids in your sole proprietorship or LLC and get a legitimate tax write-off! Instead of paying for their clothes, sports, or savings directly, pay them from your business and take the deduction. As long as they’re under 18, there’s no payroll tax or FICA required. On your Schedule C, report this under “Other Expenses ...
8.6K views4 weeks ago
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