Can I Include Children on My Company Payroll?

Question: Can I include children on my company payroll?

Answer: Generally, as a business owner, you can add children to your payroll. The work must be for a specific business purpose. The position and tasks must be legitimate tasks for the business and the compensation needs to align with market rates. You can pay qualifying children up to $12,950 per year, is a deduction from the business, and is tax-free to your children.

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