Covered in this video: Hire your child, pay a reasonable wage for real work, and deduct it ① It's a business deduction (salary + payroll costs) ② It's tax-free to your child up to the standard deduction ($15,750 in 2025) ③ It unlocks a Roth IRA — earned income lets them start contributing early What you'll need: a payroll provider (QuickBooks, ADP, Paychex, Gusto) and tax withholding Why starting early matters — even $2,000/yr compounds massively by age 18 The catch: pay a reasonable wage and document the work, or it'll be challenged in an audit Done right, the deduction and early retirement savings usually outweigh the upfront payroll costs. 🔔 Subscribe for straight-talk tax strategies for business owners. Disclaimer: Educational purposes only; not tax, legal, or financial advice. #hireyourkids #taxstrategy #smallbusiness #rothira #cpa #taxtips