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Get a Free Day Back Every Week with WD Wealth’s Tax Strategies
Capability Amplifier
How to Save Taxes on Your Child's Model Work
A six-month-old can get a tax break for modeling work. The child's income is going to be taxed at 0 percent or 10 percent, creating massive tax savings in the U.S. And then it doesn't just stop with saving taxes; we put those savings into a vehicle where it will grow tax-free until they decide to use that for college. It provides a huge basis for whatever your child's going to do in the future too.
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