@milansinghhh: 🤑 How to pay your kids and save on taxes If you own an LLC, building generational wealth is just a few steps away. You can legally pay your children through your business as long as they work a reasonable amount - this could include managing your company's social media, answering calls, or even handling mail. If you do this, both you and your child will benefit greatly. You can claim a tax deduction for paying your child and they won’t have to pay an income tax as long as the payment is below $13,850. What’s more, since your child now has an earned income, they can max out their ROTH IRA to start creating tax-free wealth! Disclaimer: My content is for educational purposes only, this is not advice. Consult a professional before making any decisions. I may earn affiliate commissions from the links mentioned. #finance #PersonalFinance #money #fintok #moneytok

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