Oh my god, what? No. This shouldn’t even have to be said. Don’t “hire” your kids when they’re 3. So you can what, “pay them” but really you keep the money and the tax benefits for yourself?

@roxanne332

Ай бұрын

It's mostly to be able to start an IRA. I was hired by my mother as a preteen, and it helped me learn about money first hand and I some money in the bank.

@KarlaDennis

Ай бұрын

Keep the money yourself? lol no, that is not at all what i am saying.You can pay your child up to $14,600 per year tax free, without them having to file a tax return for it as long as you stay under that amount. You can put that money you pay them into an IRA for them or a savings account. AND you as the parent/business owner will be able to deduct what you paid them from your taxes as well. Its okay to not know and have questions : )

@Kyiecutie

28 күн бұрын

@@KarlaDennis yeah…. And a 3 year old is responsible for their own money??? Lmao. You cannot hold your own IRA until you’re 18. So you as the parent control that money. So, the answer is yes. You “pay them” just to have control over the money you “paid” your kid. You are legally responsible for all the money you have “paid” your kid and put in their IRA. And yes, benefit from the tax write off too. Don’t talk down to people like we don’t know shit 😂 You literally just restated exactly what I said in my comment. But almost worse 😂

Legally 14 yrs old that's why there's child labor laws to keep children from being abused and forced to work. "Federal Work Hour Restrictions Minors 14 and 15 years of age can work: 3 hours on a school day 8 hours on a nonschool day 18 hours in a school week 40 hours in a nonschool week Minors 14 and 15 years of age may: Not work before 7:00 a.m. Not work after 7:00 p.m. (extended to 9:00 p.m. June 1 through Labor Day) Not work during normal school hours Minors 14 or 15 years of age who do not attend school (home schooled, married, excused from school, etc.) are subject to the above restrictions. They MAY NOT WORK DURING THE HOURS THE LOCAL SCHOOL SYSTEM IS IN SESSION."

@KarlaDennis

29 күн бұрын

You have never seen a baby in a movie, commercial? Never seen a kids movie with kids under 14?

We dont have to do capitalism, a system that needs poor people

I thought the age was 6..

@KarlaDennis

Ай бұрын

Nope, just needs to be reasonable compensation and a reasonable job title. for example you cant hire a 3 year old to help with data entry on a computer because thats probably not possible, but you can maybe hire them to help with straightening up your work station. Thin about babies are sometimes newborns in diaper commercials. they are being hired and paid, they are well below the age of 6. Again just needs to be reasonable job description and pay.