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Paying for Your Kids at 37%? Here's How to Move Some to 0%

Episode Summary

High-income parents in the thirty-seven percent bracket can legally shift child expenses to a zero percent tax rate using IRS-compliant strategies. From hiring kids to Roth IRAs and custodial accounts, discover how to save thousands annually without audit risk.

Episode Notes

[thoughtful] So, if you're in the thirty-seven percent tax bracket and you're paying for your kids' expenses out of pocket - you know, covering everything from their phone bills to their clothes - you might be leaving thousands on the table every year. There are actually legitimate ways to shift some of those costs to a zero percent tax rate. [rhetorical] Sounds too good to be true, right!? Physicians Financial Advisory Inc City: Newnan Address: 90F Glenda Trace Website: https://physiciansfinancialadvisory.com Phone: +1 404 414 8800 Email: dan@physiciansfinancialadvisory.com