Hiring Your Kids in a Sports Card or Pokémon Business: The Triple Tax Benefit!
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
🚀 Want more tax-saving strategies for your sports card business?
Subscribe now for weekly videos on sports card taxes, bookkeeping tips, and business success strategies designed specifically for resellers and hobby shop owners.
📞 Need help with your taxes or bookkeeping?
Schedule a FREE consultation here: https://sportscardtaxguy.com/contact-us
📧 Email: jonny@sportscardtaxguy.com
📞 Call: 954-882-7522
🏢 Office: Gainesville, FL
🔗 Follow for daily tax and business tips:
🌐 Website: https://sportscardtaxguy.com/
💼 LinkedIn: https://linkedin.com/company/sports-card-tax-guy
📘 Facebook: https://www.facebook.com/sportscardtaxguy
📸 Instagram: https://www.instagram.com/sportscardtaxguy/
▶️ YouTube: https://www.youtube.com/@sportscardtaxguy
#sportsCardBusiness #PokemonInvesting #TaxTipsForResellers #SportsCardTaxGuy #BookkeepingTips #ResellerTaxes #FamilyBusinessTaxes
Видео Hiring Your Kids in a Sports Card or Pokémon Business: The Triple Tax Benefit! канала Sports Card Tax Guy
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
🚀 Want more tax-saving strategies for your sports card business?
Subscribe now for weekly videos on sports card taxes, bookkeeping tips, and business success strategies designed specifically for resellers and hobby shop owners.
📞 Need help with your taxes or bookkeeping?
Schedule a FREE consultation here: https://sportscardtaxguy.com/contact-us
📧 Email: jonny@sportscardtaxguy.com
📞 Call: 954-882-7522
🏢 Office: Gainesville, FL
🔗 Follow for daily tax and business tips:
🌐 Website: https://sportscardtaxguy.com/
💼 LinkedIn: https://linkedin.com/company/sports-card-tax-guy
📘 Facebook: https://www.facebook.com/sportscardtaxguy
📸 Instagram: https://www.instagram.com/sportscardtaxguy/
▶️ YouTube: https://www.youtube.com/@sportscardtaxguy
#sportsCardBusiness #PokemonInvesting #TaxTipsForResellers #SportsCardTaxGuy #BookkeepingTips #ResellerTaxes #FamilyBusinessTaxes
Видео Hiring Your Kids in a Sports Card or Pokémon Business: The Triple Tax Benefit! канала Sports Card Tax Guy
sports card taxes pokemon tax strategy hiring kids for tax benefits roth ira for kids tax free income children sports card bookkeeping collectibles business taxes paying kids in business reseller tax tips how to save taxes sports card family business tax deductions tax savings pokemon parents bookkeeping for resellers sports card business strategy sports card reseller tips
Комментарии отсутствуют
Информация о видео
4 октября 2025 г. 2:00:14
00:07:50
Другие видео канала
Why Collectors Avoid Self-Employment Tax on Capital Gains
Audit-Ready Bookkeeping: Receipts and Records You Need
How Bonus Depreciation Works for Business Vehicles in 2025
Rent Tripled, Economy Crashed, Retail Isn’t Easy | But We Kept Growing
IRS Stress? Here’s What You Need to Know
My Favorite Sports Card in 10 Slabs: Comparing Different Grading Companies
100% Bonus Depreciation Returns in 2025 for Sports Card Businesses
File Sales Tax Returns to Avoid Penalties as a Vendor
Sales Tax Rules for Sports Card Sellers Explained
I’ll File Your Taxes for $5? Check out this Sports Card Tax Pack!
Late on Taxes? File an Extension in Minutes – Here’s How!
LLC VS S Corporation (Maximize Your Tax Savings)
How to File Your LLC as an S Corp for Tax Savings
Export Whatnot Data for Accurate Tracking
How a Sales Tax Certificate Helps Sports Card Resellers Save Money?
Resellers Sales Tax Certificate and When to Scale
How to Save $5k+ in Business Taxes (2025) | Sole Prop vs LLC vs Partnership vs S Corp vs C Corp
Part 4 of 5 Tax Saving Strategies (Inventory Management)
Sports Cards & Taxes? Meet Jonny Petrucco, The Expert!
Reconciling Whatnot Statements in QuickBooks (Part 3)
Easy Systems to Log Cash Sales and Purchases for Vendors
