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Understanding the Kiddie Tax: What Families Need to Know

If your child earns income from investments—like dividends, interest, or capital gains—you may need to consider how the kiddie tax could impact your family’s tax situation. Designed to prevent income shifting between generations, this rule applies when a child’s unearned income exceeds $2,600 for the 2025 tax year. While the first $1,300 is tax-free and

Putting your kids on payroll for tax savings

If you are a business owner, it might be positive to employ your kids or other family members in the business. Especially, if you are already supporting these individuals at your higher tax rate, it might be quite beneficial to have an expense for the business and save on the taxes paid a lower rate

By |2024-12-15T05:34:03+00:00March 3rd, 2025|Categories: Business, Individuals|Tags: , , , , , , , , , , |
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