Archived Posts: hiring children

Click on the links below to jump to each section in this article: How Hiring Your Child This Summer Can Reduce Taxes Review Your Withholding After Filing More Entities Gain Access to IRS Business Tax Account   How Hiring Your Child This Summer Can Reduce Taxes The wages you pay your child are generally deductible as a business expense. For your child’s income tax purposes, wages received will be at least partially protected from federal income tax by his or her standard deduction. Any...