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In this conversation, Vance Glaser discusses the financial advantages of employing children on a family farm, particularly focusing on the tax benefits that can be leveraged. He explains how parents can pay their children up to $15,750 tax-free, which not only provides financial support to the children but also offers significant tax deductions for the parents. This strategy can lead to substantial savings on both income and self-employment taxes, making it a beneficial approach for families involved in farming.
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https://www.commstock.com/
https://www.facebook.com/CommStockInvestments/
https://www.youtube.com/channel/UClP8BeFK278ZJ05NNoFk5Fg
https://www.linkedin.com/company/commstock-investments/
By Commstock Investments5
99 ratings
Send us a text
In this conversation, Vance Glaser discusses the financial advantages of employing children on a family farm, particularly focusing on the tax benefits that can be leveraged. He explains how parents can pay their children up to $15,750 tax-free, which not only provides financial support to the children but also offers significant tax deductions for the parents. This strategy can lead to substantial savings on both income and self-employment taxes, making it a beneficial approach for families involved in farming.
Stay Connected
https://www.commstock.com/
https://www.facebook.com/CommStockInvestments/
https://www.youtube.com/channel/UClP8BeFK278ZJ05NNoFk5Fg
https://www.linkedin.com/company/commstock-investments/

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