End of Summer Tax Savings: Summer Home Rentals and Summer Jobs for the Kids - Think Outside the Tax Box

End of Summer Tax Savings: Summer Home Rentals and Summer Jobs for the Kids

Home Vacation Deductions

Considering hiring your kids to work in your business or renting property you own to your business to save money on taxes? Both of these strategies can work (and work well), but often those promoting them (the mainstream media, social media, etc.) hold forth heavily on the benefits of the strategies without considering the nuances and fine print that can end up costing money rather than saving it if you end up on the bad side of an audit.

Keep reading for how to maximize tax savings on summer homes and summer jobs without getting burned.

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Think Outside the Tax Box provides tax reduction strategies along with practical implementation advice in order to reduce your clients’ federal tax bill with ease.

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