A CPA with a marketing business hires her two kids (ages 12 and 15) to help with filing, social media, and office work. She pays each child \$12,000/year.
*Tax Savings:*
* Kids’ wages are deductible to the business.
* Each child pays *\$0 federal tax* (income under standard deduction).
* The CPA shifts \$24,000 of taxable income from her 37% bracket to *0% bracket, saving **\~\$8,880 per year*.
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