Tax benefits of hiring your kids

Hiring your kids can be very beneficial for many reasons, not the least of which includes tax benefits. So consider putting your kid to work (so long as you follow all child labor laws!) and reap the potential benefits. Don’t miss: 65 day rule useful for trustees Some of those benefits could include: Wages that …

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Welcome back tuition and fees deduction! You were missed.

For those parents who have a child in college or are taking classes themselves, we miss the days before 2018 when we could deduct higher education tuition and other expenses from our taxable income. Well, with the passing of the Disaster Act came many “tax extenders”, which are a series of temporary provisions in the …

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