Ask HN: Best Ways to Save on Taxes?

3 pointsposted 9 hours ago
by silexia

Item id: 46411972

3 Comments

asdefghyk

8 hours ago

RE "....Hire your kids to do legitimate work, zero tax on the first $14k....."

What is the benefit of that? That is unless you control / influence the spending of the child's earned income which would make claiming a tax deduction not legal ....

silexia

4 hours ago

I want my money going to my kids anyways.

johng

8 hours ago

Hire a great accountant that is versed in not only your state laws but also your particular business type. Their advice should save you much more than they cost you.