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How to pay my underage son for farm labor so he doesn’t have to pay taxes
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billybob
Posted 7/2/2022 16:29 (#9730946 - in reply to #9730937)
Subject: RE: How to pay my underage son for farm labor so he doesn’t have to pay taxes


68340

You can make a gift to cash gift to any person for $25,000 annually.  The amount increases slightly each year.  They pay no taxes, you get no deduction.  

Maybe give him some grain and let him market it.  



Edited by billybob 7/2/2022 16:31
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