New Jersey has long required minors to have working papers before they can start a job, but the current system and rules were modernized in 2023. As of June 1, 2023, a new law shifted the working‑papers process from local schools to the New Jersey Department of Labor and moved everything to an online portal.
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
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
