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Big help to those with children, your max child tax credit has increased to $2200 this tax season. The refundable portion of that is $1700. Phaseouts do begin at $200,000 for income. #taxes #ctc #childtaxcredit #federaltaxes #irs
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€4,000 tax credit. That’s €20,000 before PAYE Tax kicks in. If you have a business hire your kid to do a job in the business. You need to make sure it’s an actual job. 1. They did a job title 2. A job description with duties 3. An employment contract 4. They need to be paid into their own bank account. It’s a great way to save for them in the medium term and it’s a business expense against your business profits too. Win win
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