Written by: on , Information Verified by a CPA.

How Paying Your Children can Save You BIG Tax Dollars [Tax Smart Daily 041]

A Short Read


Table Of Contents

    You can obtain significant tax savings by employing your children to work in your business. Learn more in this video.

    Listen in to learn:
    • How paying your children saves you big money in taxes
    • The standard deduction of $12,550
    • What makes you eligible to pay your children
    • What taxes you can avoid
    • The things you should be aware of before hiring your children

    Subscribe to The Tax Smart Real Estate Investors YouTube channel for more answers to real estate tax questions!

    Recent Articles


    Hall CPA PLLC, real estate CPAs and advisors, helped me save $37,818 on taxes by recommending and assisting with a cost segregation study. With strategic multifamily rehab and the $2,500 de minimus safe harbor plus cost segregation, taxes on my real estate have been non-existent for a few years (and that includes offsetting large capital gains from the sale of property).

    Mike Dymski - Business Owner