It’s a fact. Business ownership can give you fat tax deductions for hiring your children and, at the same time, give your children tax-free income.
And that’s just for starters. If you handle things right, your children can open Roth IRAs where they can invest their tax-free income in a college fund.
Want to learn how to take advantage of this extremely attractive tax deduction plan? Read my new article titled Tax Tips: Use Business Tax Deductions to Build Your Child’s College Fund.
Three ways our fact-filled article can help you:
- We’ll provide a detailed case study that shows how the plan works. Let’s assume you pay your 7-year-old daughter $5,000 for the next 11 years. Using the Roth IRA tax plan, and thanks to the IRS, she’ll have a $74,586 college nest egg when she turns 18. Get the full details when you read the full article.
- We’ll answer the “college financial aid” question. Good news! A huge number of colleges and universities don’t count the Roth IRA as an asset for determining college financial aid. You’ll get the facts when you read the full article.
- We’ll explain the tax-law rules covering Roth IRA withdrawal for education. There are three tax rules that you should know about that impact your child’s early withdrawal of Roth IRA funds. What are they? You’ll find out when you read the full article.