Expert guides on hiring your kids, tax deductions, FICA exemptions, Roth IRAs, and building generational wealth.
Every article about paying your kids explains the tax benefits. Nobody shows you what it looks like week to week without it falling apart. This is that article.
What counts as reasonable compensation when paying your kids? IRS guidelines, age-based pay rates, real estate task examples, and how to avoid audit red flags for family employment.
Yes, you keep the Child Tax Credit even if your child works for your business. Plus, the deduction can actually help you stay under phaseout thresholds.
When your child turns 18, FICA exemptions end but the strategy evolves. Here's what changes, what stays, and how to adapt your family employment setup.
Yes, hiring your child doesn't affect their dependent status. Learn how the IRS support test works and why you keep the Child Tax Credit too.
Many CPAs give incomplete advice on hiring your children. Here's why they say no, when they're wrong, and how to find a tax pro who understands family employment.
Yes, paying your kids through your business is legal. IRC §3121(b)(3)(A) exempts wages from FICA. Here's the proof from the IRS, Tax Court, and the tax code.
W-2 is almost always the right choice for paying your child under 18. Here's why issuing a 1099 costs you thousands in unnecessary self-employment tax.
Here's the exact 6-step process we use to legally pay our kids, reduce our taxes, and fund a Roth IRA — all while teaching them real-world skills.
Paying your child through your business requires a bank account in their name. Here's how to set one up, even when banks say no because of your child's age.
Your child can have a 750+ credit score by age 18 using the authorized user strategy. Here's which banks work, age requirements, and step-by-step setup.
Yes, wages paid to your child for legitimate business work are tax-deductible. Here's how business owners claim the deduction and what the IRS requires.
S Corp owners can still pay their kids tax-free using a Family Management Company. Here's the step-by-step setup guide from a real estate investor who's done it.
Business owners can skip FICA taxes when paying children under 18. Here's exactly how the exemption works, who qualifies, and how much you can save in 2026.
Kid entrepreneurs aren't just for YouTube. Here's how to help your child start a real business, earn Roth IRA income, and learn skills school won't teach.
Worried about an IRS audit on your child's wages? Here's what triggers scrutiny, what they look for, and how to make sure your family is protected.
An allowance costs you after-tax dollars. Paying your kids through your business is tax-deductible. Here's why business owners should make the switch.
Business owners who pay their kids can fund both Roth IRAs and UGMA accounts. Here's when to use each, the tax differences, and how they work together.
Paying your child cash under the table won't hold up with the IRS. Here's why proper payroll matters and how to do it without the hassle.
Sole proprietors get automatic payroll tax exemptions when hiring their kids. S Corp owners need an extra step. Here's how both structures work in 2026.
Federal law says you can hire your kids. Your state might disagree. Learn how to navigate conflicting laws and stay compliant.
Protect your family business deduction with proper documentation. Here's what records to keep when employing your children.
Discover legitimate jobs you can pay your kids to do in your business, organized by age. IRS-compliant ideas for every stage.
The complete paperwork checklist for hiring your child: W-4, I-9, quarterly filings, W-2 requirements, and record-keeping essentials.
Compare Kids Payroll to Gusto, QuickBooks & Wave for tracking your children's business work. See why purpose-built beats general payroll.
Discover 50+ IRS-compliant tasks you can pay your kids to do, organized by age from 5 to 17. Real examples and reasonable pay rates included.
In 2026, you can pay your child up to $16,100 tax-free and potentially avoid payroll taxes too. Here's exactly how the math works.
Learn how to legally pay your children through your LLC, save on taxes, and build their financial future. Step-by-step guide for business owners.
The IRS requires reasonable compensation when paying your kids. See real hourly rates by task and age, plus documentation tips.
Yes, kids can have a Roth IRA! Learn the rules, contribution limits, and how to start building tax-free wealth for your child's future.
The Family Management Company strategy lets S Corp owners avoid FICA taxes when hiring their children. Step-by-step setup guide.
Work permits, age minimums, and hour restrictions vary dramatically by state. Complete guide covering CA, TX, FL, NY, and more.
Real estate investor? If you're tracking hours for REPS or the STR Loophole, check out our sister apps REPS Time and STR Loophole.
Download Kids Payroll and start building your family's wealth.