We pay our kids—legally—up to $15,000 each per year

135.7K views6 months ago0m 5sScore: 80

Michael Chang

Pricing & Profitability
intermediate
Tax Strategy
Profitability
Bookkeeping
Expenses

Summary

This video discusses legally hiring your children in your short-term rental business. By doing so, you can get a tax deduction for your business and the income they receive is tax-free up to $15,000. This money can then be invested into a Roth IRA, allowing it to grow tax-free.