Tax Dos and Don’ts for Hiring Your Child

Tax dos and don’ts for hiring your child image

Do you have to pay Social Security and Medicare Tax on your child’s wages? For sole proprietorships, single-member LLCs taxed as a disregarded entity, or partnerships owned by spouses: Payments to children under 18 years old are NOT subject to social security or Medicare taxes. This means that you don’t have to withhold those taxes