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
Tag: hiring your child
Hiring Your Child This Summer? Here are Some Tax Advantages
As a business owner, you should be aware that you can save family income and payroll taxes by hiring your child.