Triple Tax Benefits of Hiring Your Children Explained
Welcome back to another insightful clip of Earn Your Leisure (EYL)! In this clip, we're diving deep into a strategic yet often overlooked tax-saving method: hiring your children. Our special guest, Ms. Business, and host Rashad Bilal walk you through how you can benefit from hiring your children, while also investing in their future.
*Key Takeaways:*
1. *Hire Your Children for Tax Benefits:*
In 2024, you can pay your child up to $14,600 without it being taxable.
The money cannot be used for essentials like food and shelter, but can be used for extracurricular activities.
2. *Triple Tax…
The skinny
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