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Put Your Family to Work — Legally
Updated 9/28/2026
FinanceEN181.2 KB
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What you'll learn
- Understand how deducting family wages shifts income to lower tax brackets
- Apply the parent-child FICA exemption correctly for children under 18
- Implement proper documentation, payroll, and filing requirements
- Use a child's earned income to fund a Roth IRA for tax-free growth
About
Learn how to legally hire your children or spouse in a family business, with real tax benefits and proper compliance.
What's inside· 9 lessons
- 1Why Family Employment Matters
- 2The Guardrails: Real Work, Reasonable Pay, Proper Records
- 3The Real Tax Benefits of Hiring Your Kids
- 4Doing It Right: Your Legal Checklist
- 5Knowledge Check
- 6The FICA Exemption: How Parents Save on Payroll Tax
- 7Hiring Your Spouse: Brief Overview
- 8Roth IRA for Kids: The Long-Term Wealth Move
- 9The Red Flags: Why Fake Jobs Trigger Audits
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