Ready to keep more of what you earn? Comment “SMART” below

6.1K views5 months ago0m 4sScore: 70

Michael Chang

Pricing & Profitability
intermediate
Tax Strategy
Bookkeeping
Expenses
Profitability

Summary

This video discusses a potential tax strategy for STR businesses, suggesting that hosts can legally hire their children and deduct their wages as a business expense. There is a limit of $14,600/year in 2024 where the child would not have to pay taxes on the income.