Blog - The Real Estate CPA

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

Written by Brandon Hall | Jul 19, 2021

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!