Tax breaks for employing your children through the practice continue to increase. In 2015, each child can earn up to $6,300 without paying any federal, and in most cases, state income taxes. The next $9,225 of earnings above that level are taxed at only a 10% rate, and the following $28,225 are taxed at only a 15% rate, for federal income tax purposes.
Furthermore, college-age (or older) children paying over 50% of their own support from loans, scholarships, earnings, etc. can also claim…
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