Tax
6 Tax Savings Opportunities From Employing Your Children
Hiring your kids can lower your taxes and boost their future. Their wages are tax-deductible to you and often tax-free to them. You may avoid payroll taxes, shift income into a lower bracket, unlock education credits, qualify for state 529 deductions, and fund a Roth IRA.
June 1, 2025 · 3 min read
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