Send us a text We unpack how gambling wins turn into taxable income even when you net a loss, why Oklahoma’s rules are especially harsh, and how marketplace health credits can trigger surprise paybacks. We close with a Texas update on tax-related credits for nonpublic education. Email us at Carson@sandsco.net Support the show Create a STAN Store - Click here to try it out! Here's where you can find us! Shop our business guides! Our Instagram Page Our family page
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Send us a text We unpack how gambling wins turn into taxable income even when you net a loss, why Oklahoma’s rules are especially harsh, and how marketplace health credits can trigger surprise paybacks. We close with a Texas update on tax-related credits for nonpublic education. Email us at Carson@sandsco.net Support the show Create a STAN Store - Click here to try it out! Here's where you can find us! Shop our business guides! Our Instagram Page Our family page
98. Kids on Payroll: The Legal Tax Hack to Save Taxes Every Year!
What Your CPA Wants You to Know
17 minutes
6 months ago
98. Kids on Payroll: The Legal Tax Hack to Save Taxes Every Year!
Send us a text Paying your children through your business is a legitimate and powerful tax strategy that can save you thousands every year! • Reduce taxes by converting business income into deductible expenses with zero tax impact • Children earning under $15,000 (2025 standard deduction) pay no income tax and don't need to file returns • Sole proprietors (Schedule C) and farms (Schedule F) don't pay payroll taxes on wages to children • S-corporations must pay payroll taxes, but strategy rem...
What Your CPA Wants You to Know
Send us a text We unpack how gambling wins turn into taxable income even when you net a loss, why Oklahoma’s rules are especially harsh, and how marketplace health credits can trigger surprise paybacks. We close with a Texas update on tax-related credits for nonpublic education. Email us at Carson@sandsco.net Support the show Create a STAN Store - Click here to try it out! Here's where you can find us! Shop our business guides! Our Instagram Page Our family page
