How to Get a $12,000 Deduction and Not Tax Benefit

You don't have to wait until April 15th of next year. You can do it right now. Sit down with your tax advisor and figure out what could your kids do in your business, okay? If you pay your kids from your own company, you don't even have to pay Social Security taxes on your kids on that salary. That's money that again, you can go to your employer, reduce your withholding,. or if you're making estimated payments because you have a business, you can reduce your estimated payments.