Estimated Tax Tip Savings: Business owners contemplating marriage or divorce or who have working-age children can increase their wealth by thousands of dollars through some smart family-related, year-end tax-reduction strategies.
Families can be—and usually are—a profound joy. They can also be profoundly useful from a tax standpoint if you know a few techniques for optimizing their tax advantages.
Indeed, as we move into the year’s end, it’s possible that some extra family-related deductions are sitting right in front of you. This article looks at four year-end tax-deduction strategies you can use to create extra tax benefits this year, depending on your marriage status and the availability of your children to work in your business.
As with most tax advantages, it’s critical that you pay attention to a few fine points in the regulations because they can... Log in to view full article.