Tax-Saving Benefits of Hiring Your Child 

If you own a business, hiring your child or grandchild could be a great way to teach them valuable work skills and save thousands on taxes.  

Let me tell you why

If you are a rental house owner, you may be able to deduct up to $25,000 of losses from your rental real estate activity from your nonpassive income. 

If you're a golf enthusiast, you've likely heard of the Masters golf tournament, which takes place annually in Augusta, Georgia. During the tournament, many residents of Augusta rent out their homes to visitors as a way to earn extra income. But did you know that the IRS has specific rules about renting out your home?

Understanding rental expenses is crucial for landlords. These expenses can be deducted from your rental income and include costs like insurance, taxes, maintenance, and interest.