Hiring Your Kids in a Sports Card or Pokémon Business: The Triple Tax Benefit!

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Triple Tax Benefits for Paying Your Kids in a Sports Card Business

If you run a sports card, Pokémon, or collectibles business, there’s a little-known strategy that could save you thousands in taxes: hiring your kids. In this video, you’ll learn how paying your children under 18 can unlock a triple tax benefit, a deduction for you, tax-free income for them, and long-term wealth growth through a Roth IRA.

Whether you run a shop, sell on eBay, or hit card shows with your family, this tax strategy can keep more money in your pocket while teaching your kids valuable business skills.

🔹 How the triple tax benefit works for sports card and Pokémon parents
🔹 Why wages paid to kids under 18 can be tax-deductible for your business
🔹 How children can earn tax-free income up to the standard deduction
🔹 Using earned income to fund a Roth IRA for lifelong tax-free growth
🔹 Key IRS rules and state labor law considerations you must follow
🔹 Documentation tips to keep everything legitimate and audit-proof
🔹 S Corporation vs. Schedule C: what you need to know about setup
🔹 Real-world examples of kids helping in sports card and collectibles businesses

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