👶 Hire your kids to save on taxes!

A secret hack that many business owners do is hire their kids to save on taxes.

📈 When you hire your kids, you save on taxes in two ways.

💰 The first is by deducting their salary from your taxes. At a 35% tax bracket, a $13,850 deduction means you DON'T have to pay ~$4,850 to the IRS!

😎 The second way your family saves is because your kid will get that money TAX-FREE since they can wipe out their salary with a standard deduction!

You need to make sure that the job you hire them for is legitimate and that you are complying with all legal requirements.

📸 But an easy role for them to have is to be a model for your presentations and advertisements.

When you hire your kids, you keeping the money in the family instead of giving it to the IRS!

🤔 What are your thoughts about hiring your kids?

[seanlovesrealestate]

📈 When you hire your kids, you save on taxes in two ways.

💰 The first is by deducting their salary from your taxes. At a 35% tax bracket, a $13, 850 deduction means you DON'T have to pay ~$4, 850 to the IRS!

😎 The second way your family saves is because your kid will get that money TAX-FREE since they can wipe out their salary with a standard deduction!

You need to make sure that the job you hire them for is legitimate and that you are complying with all legal requirements.

📸 But an easy role for them to have is to be a model for your presentations and advertisements.

When you hire your kids, you keeping the money in the family instead of giving it to the IRS!

🤔 What are your thoughts about hiring your kids?

Follow @seanlovesrealestate for more real estate tips!

@seanlovesrealestate
@seanlovesrealestate
@seanlovesrealestate

#taxsavings #businesshacks #familybusiness #taxtips #entrepreneurship #financialplanning #savemoney #legaltips #hireyourkids #smartbusiness

[Pazaztec]

Step 1 to getting rich. Own a successful business.

[max_thegoldendoodle]

WE GETTIN’ MILLIONS AND MILLIONS OF ROBUX WITH THIS ONE 🗣️🔥🔥🔥

[joshuagoldberg]

Let me enjoy my childhood is so on point.

[Titanmonkey]

The IRS when they find this video: um lets just do a full reset

[Iamhimineveryway]

this is definitely one of the smartest ways to get ur child to do smt besides playing games all day

[Shenanigansquad]

“So why can’t I buy robux” got me dying

[johnq]

I hope the son grows up to be as smart as dad lol👍 but thanks for the video It’s much needed.

[CarGeek]

Lil Timmy will buy a Lamborghini and tons of Robux when he turns 18 😈

[UrGurlIndigoo]

🤓Well actually I calculated and you would only have $166, 200. Unless you put it into a bank the doubled your money or adds extra to it. Unless you add extra to it yourself.🤓

[PixelatedB]

That is a fake kid you get money but you can't use it a real kid would disown you

[turkyalanazr]

Tax Man: We have to finish it before we get poor

[masterGoldie]

You do realize having your child work for your company is technically considered them doing chores I found that out by a lawyer

[Duckgod]

Timmy I need that work report by tomorrow

But dad you gave me 30 work reports today



That’s to dam bad

[rebonemoloi]

For real, all these children 'round here driving me mad, could be making me money

[LOLErwin]

Alternate version, make your kid do the same thing but you use the money to buy robucks for yourself not them

[solarvrgorillatag]

I have a question, i am currently 13 with around £1, 400 saved up, how much should i invest or save, i have been saving most of it for like 5 years and i havent really thought of anything to do with it, and also what should i invest it into?

[TherealTisProFk]

No all the child can say is I do not consent to be shown in your presentation and this can be considered manipulation because he's showing pictures of him and promises him over 300k dollars so this is not necessary true

[Jace-he]

At least give him some money he deserves some money to spend and you can invest a bunch of the money like 13, 800 of it but like leave the $50

[jamesfenn]

First thing he thinks of is robux first thing I think of is hydrogen peroxide + potassium iodide (elephant toothpaste)