1755: The Best Time to Start a 529? Adding My Kids to My Payroll? (Encore)
So Money with Farnoosh Torabi
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Navigating the Benefits and Risks of Paying Your Children
This chapter examines the advantages and responsibilities of adding children to a parent's payroll, focusing on tax benefits and the opportunity to fund a Roth IRA. It also covers the implications of recent legal changes for child influencers, stressing the importance of adhering to IRS guidelines and ethical financial practices.
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Transcript
