How LLC Owners Save on Taxes in 2026

Tax Intelligence Strategy Library Hire Your Children Strategy IRC §73 • §3121(b)(3) • §1(g) Family & Business Planning Updated April 2026

Hire Your Children Strategy — Shift Income to Lower Brackets, Eliminate FICA, and Fund Education Tax-Free in 2026

Hiring your minor children in your business is one of the most powerful and legitimate income-shifting strategies available to self-employed individuals and family business owners. Under IRC §73, wages paid to a child for services actually rendered are deductible by the business and taxable to the child at their lower rate. For children under 18 employed by a parent’s sole proprietorship or single-member LLC, IRC §3121(b)(3) provides a complete exemption from Social Security and Medicare taxes. The 2026 standard deduction of $16,100 for single filers (per Rev. Proc. 2025-32) means a child can earn up to $16,100 in wages completely free of federal income tax — and the parent’s business deducts every dollar. This guide covers the legal requirements, FICA exemption rules by entity type, the kiddie tax trap, documentation standards that survive audit, and the Roth IRA funding opportunity that makes this strategy even more powerful.

$16,100
2026 standard deduction for single filers — child earns this amount completely tax-free (Rev. Proc. 2025-32)
0%
FICA tax rate for children under 18 employed by parent’s sole proprietorship or single-member LLC (IRC §3121(b)(3))
$7,500
2026 Roth IRA contribution limit — child can fund with earned wages (IRS IR-2025-111)
37%
Maximum rate differential when shifting income from parent to child in the 10% bracket
IRC §73 Earned Income Rules Confirmed 2026 FICA Exemption Under §3121(b)(3) Verified by Entity Type 2026 Standard Deduction $16,100 Confirmed (Rev. Proc. 2025-32) Kiddie Tax Rules Under §1(g) Verified for 2026 2026 Roth IRA Limit $7,500 Confirmed (IR-2025-111)
Earned IncomeIRC §73
FICA ExemptionIRC §3121(b)(3)
Kiddie TaxIRC §1(g)
Business DeductionIRC §162
Roth IRAIRC §408A
ReportingForm W-2, Schedule H

The Legal Foundation: Why Hiring Your Children Is Legitimate Tax Planning, Not a Scheme

The hire-your-children strategy is firmly grounded in the Internal Revenue Code and has been consistently upheld by the Tax Court when properly implemented. IRC §73 provides that amounts received by a child for services rendered are includible in the child’s gross income, not the parent’s. This is the foundational provision that makes the strategy work: wages paid to a child are the child’s income, taxed at the child’s rate, not the parent’s. The business deducts the wages as an ordinary and necessary business expense under IRC §162, just as it would for any other employee.

The strategy is not a loophole — it is the straightforward application of the assignment of income doctrine in the context of a genuine employment relationship. The IRS does not challenge the strategy when the employment is real, the wages are reasonable, and the documentation is proper. What the IRS does challenge is the fake employment arrangement: paying a 7-year-old $50,000 for “consulting,” paying wages for work that was never performed, or paying wages that are grossly disproportionate to the services rendered. The line between legitimate planning and fraud is the existence of a genuine employment relationship with reasonable compensation for actual services.

The Tax Court has consistently held that wages paid to minor children for legitimate services in a family business are deductible. In Moriarty v. Commissioner and numerous other cases, the court has allowed deductions where the children performed real work, were paid reasonable wages, and the employment was properly documented. Conversely, the court has disallowed deductions where the “wages” were really disguised gifts, where no actual services were performed, or where the compensation was unreasonably high for the work done.

The FICA Exemption: Which Entity Types Qualify and Which Do Not

The most powerful aspect of the hire-your-children strategy for sole proprietors and single-member LLCs is the FICA exemption under IRC §3121(b)(3). This provision exempts from Social Security and Medicare taxes wages paid to a child under age 18 who is employed by their parent in a trade or business. For a parent in the 37% bracket paying $15,000 in wages to their child, the FICA exemption saves $2,295 in employer FICA (15.3% on the first $184,500 SS wage base per SSA 2026) plus the employee’s share of FICA that would otherwise be withheld. The total FICA savings on $15,000 in wages is approximately $2,295.

However, the FICA exemption is entity-specific, and this is where practitioners make costly errors:

Entity TypeFICA Exemption (Under 18)?FUTA Exemption?Notes
Sole proprietorship (Schedule C)Yes — IRC §3121(b)(3)Yes — IRC §3306(c)(5)Both parents must be sole proprietors if child works for both
Single-member LLC (disregarded)Yes — treated as sole proprietorYesLLC must be disregarded, not taxed as corp
Partnership (both partners are parents)Yes — IRS Rev. Rul. 73-348YesOnly if all partners are parents of the child
S-CorporationNo — FICA appliesNo — FUTA appliesS-corp is a separate legal entity; exemption does not apply
C-CorporationNo — FICA appliesNo — FUTA appliesSame as S-corp; corporate veil eliminates exemption
Multi-member LLC (taxed as partnership, non-parent partners)NoNoExemption only applies when all partners are parents

For clients operating through an S-corporation (which is the most common structure for high-income self-employed individuals), the FICA exemption is not available. The child’s wages are still deductible and still shift income to the child’s lower bracket, but the employer pays FICA on the wages just as with any other employee. This reduces but does not eliminate the tax benefit. Many practitioners recommend that clients with S-corps consider maintaining a sole proprietorship or single-member LLC for activities that can be legitimately separated from the S-corp (such as a consulting or content creation activity) specifically to take advantage of the FICA exemption on wages paid to children.

The Kiddie Tax Trap: What Happens When the Child Has Investment Income

The kiddie tax under IRC §1(g) is the most important limitation practitioners must understand before advising clients on this strategy. The kiddie tax taxes a child’s “net unearned income” (investment income above a threshold) at the parent’s marginal rate rather than the child’s rate. For 2026, the kiddie tax threshold is $2,700 (indexed for inflation). Unearned income above $2,700 is taxed at the parent’s rate.

The critical distinction is that the kiddie tax applies only to unearned income (dividends, interest, capital gains, passive income) — not to earned income (wages). Wages paid to the child for services rendered are earned income and are taxed at the child’s own rate regardless of the kiddie tax. This means the hire-your-children strategy is not affected by the kiddie tax as long as the child’s income consists primarily of wages rather than investment income.

The kiddie tax applies to children under age 19, and to full-time students under age 24 whose earned income does not exceed half of their support. Once a child reaches age 19 (or age 24 if a full-time student with earned income exceeding half of support), the kiddie tax no longer applies and all of the child’s income — including investment income — is taxed at their own rate. This creates a planning opportunity: once a child ages out of the kiddie tax, they can receive dividends, capital gain distributions, and other investment income at their own (potentially 0%) rate.

The Roth IRA Multiplier: Turning Wages Into Decades of Tax-Free Growth

The most powerful extension of the hire-your-children strategy is using the child’s earned wages to fund a Roth IRA. A child who earns wages from the family business has earned income, which is the prerequisite for IRA contributions under IRC §408A. The child can contribute up to the lesser of their earned income or the 2026 IRA limit of $7,500 (per IRS IR-2025-111, Notice 2025-67) to a Roth IRA. There is no minimum age requirement for a Roth IRA — a 10-year-old with $7,500 in earned wages can contribute $7,500 to a Roth IRA.

The compounding math is extraordinary. A $7,500 Roth IRA contribution made at age 10, assuming a 7% average annual return, grows to approximately $225,000 by age 65 — entirely tax-free. If the parent funds a Roth IRA for the child each year from age 10 to 18 (9 years × $7,500 = $67,500 in contributions), the account grows to over $2 million by age 65 with no further contributions. The child pays no income tax on the contributions (because the wages are within the standard deduction), no income tax on the growth, and no income tax on qualified distributions in retirement.

The parent can also pay the Roth IRA contribution on behalf of the child, as long as the child has sufficient earned income to support the contribution. The child does not need to physically deposit the wages into the Roth IRA — the parent can pay the child’s wages into the child’s bank account and then contribute to the Roth IRA separately, as long as the total Roth IRA contribution does not exceed the child’s earned income for the year.

Documentation Requirements: What Survives an IRS Audit

Documentation ItemPurposeRetention
Written job descriptionEstablishes the specific services the child performs and their business purposePermanently
Timesheets or work logsDocuments hours worked and tasks completed; critical for hourly-paid children7 years
Payroll records (Form W-2, pay stubs)Proves wages were actually paid and properly reported7 years
Bank records showing wage depositsProves the child actually received the wages (not just a paper transaction)7 years
Evidence of work productPhotos, files, social media posts, invoices, or other tangible output of the child’s work7 years
Wage rate justificationComparable wage data showing the rate paid is reasonable for the work performed7 years
Schedule H (if household employer rules apply)Required if the child works in a household setting; reports FICA and FUTA7 years

Worked Dollar Example: Sole Proprietor Hiring Two Children

Hire Your Children: Annual Tax Savings for a 37% Bracket Sole Proprietor

Client profile: Sole proprietor (Schedule C), $400,000 net profit, 37% federal bracket, two children ages 12 and 15. Each child earns $16,100 in wages for legitimate business services (social media management, filing, photography, administrative work). No other income for the children.

Tax savings calculation:

Total wages paid: $16,100 × 2 = $32,200

Business deduction at 37%: $32,200 × 37% = $11,914 in federal income tax savings

SE tax savings (15.3% on $32,200): $32,200 × 15.3% = $4,927 (sole proprietor pays SE tax on net profit; wages reduce net profit)

FICA savings (children under 18, sole proprietor): $32,200 × 15.3% = $4,927 (no FICA owed on wages to children under 18)

Children’s income tax: $16,100 standard deduction − $16,100 wages = $0 taxable income for each child

Children’s income tax: $0

Total annual tax savings: $11,914 + $4,927 = $16,841

If each child contributes $7,500 to a Roth IRA: additional $15,000 in Roth contributions funded with pre-tax dollars (the wages were deducted by the business and not taxed to the children).

Over 10 years at these levels: $168,410 in tax savings + $150,000 in Roth IRA contributions (growing tax-free for decades)

Frequently Asked Questions

How young can a child be to be legitimately employed in the family business?

There is no minimum age specified in the IRC for a child to be employed in a family business. The IRS and Tax Court focus on whether the child performed actual services commensurate with the wages paid, not on the child’s age per se. However, the younger the child, the more scrutiny the arrangement will receive, and the more important it is that the work is genuinely age-appropriate and the compensation is reasonable. A 7-year-old can legitimately perform tasks like cleaning the office, shredding documents, stuffing envelopes, or appearing in business social media content (with parental consent). A 10-year-old can manage a business Instagram account, create simple graphics in Canva, or perform data entry. A 14-year-old can do more sophisticated work like bookkeeping, customer service, or content creation. The key is that the work must be real, the child must actually do it, and the wage rate must be comparable to what you would pay a non-family member for the same work. State child labor laws also apply and may restrict the hours and types of work for children under 14 or 16 depending on the state.

My client has an S-corp. Can they still hire their children and get a tax benefit even without the FICA exemption?

Yes — the income-shifting benefit still applies even without the FICA exemption. An S-corp owner in the 37% bracket who pays their child $15,000 in wages gets a $15,000 deduction at 37% = $5,550 in federal income tax savings. The S-corp pays employer FICA of $15,000 × 7.65% = $1,148, and the child pays employee FICA of $1,148. The child’s $15,000 in wages is within the $16,100 standard deduction, so the child pays zero income tax. Net benefit: $5,550 income tax savings minus $2,295 in total FICA = $3,255 net annual tax savings. That is still meaningful, especially when combined with Roth IRA funding. The planning opportunity for S-corp owners is to consider whether any business activities can be legitimately conducted through a sole proprietorship or single-member LLC to take advantage of the FICA exemption. For example, if the S-corp owner also has a separate consulting practice or rental activity that could be structured as a sole proprietorship, wages paid to children from that sole proprietorship would qualify for the FICA exemption.

Does the child have to actually cash their paycheck, or can the parent keep the money?

The child must actually receive the wages — the payment must be real, not just a paper entry. The IRS specifically looks for evidence that the wages were actually paid and that the child had control over the money. This means the wages should be deposited into a bank account in the child’s name (a custodial account is fine for younger children). The child can then use the money for their own expenses, or the parent can help the child invest it in a Roth IRA or custodial brokerage account. What the parent cannot do is pay the child wages and then take the money back — that would be a disguised gift and the deduction would be disallowed. The IRS has disallowed wage deductions in cases where the “wages” were deposited into a joint account controlled by the parent, or where the child never had access to the funds. The simplest approach is to open a checking account in the child’s name (with the parent as custodian for younger children), deposit the wages there, and let the child use the account for age-appropriate expenses.

What types of work can a child legitimately do for a business?

The work must be genuinely useful to the business and the child must actually perform it. Common legitimate tasks that have been accepted by the IRS and Tax Court include: office cleaning and maintenance, filing and document organization, data entry, answering phones, stuffing envelopes and mailings, social media content creation and management (for older children), photography and videography for business marketing, website content updates, inventory management, customer service assistance, bookkeeping and accounting assistance (for teenagers), and appearing in business advertising or promotional materials. The key test is whether the business would pay a non-family member to perform the same task. If the answer is yes, and the wage rate is comparable to what a non-family member would be paid, the arrangement will generally withstand scrutiny. Tasks that are too vague (“general consulting”), too sophisticated for the child’s age, or that the business would not actually pay for are red flags. Document the specific tasks with timesheets and, where possible, save the work product (photos of cleaned office, screenshots of social media posts, copies of filed documents).

What happens when the child turns 18? Does the strategy still work?

Yes, but the FICA exemption ends at age 18. Once the child turns 18, wages paid by a parent’s sole proprietorship are subject to FICA just like any other employee. However, the income-shifting benefit continues — wages paid to an 18-year-old child are still deductible by the business and taxable to the child at their (presumably lower) rate. The 2026 standard deduction of $16,100 still shelters the first $16,100 of the child’s wages from income tax. If the child is a full-time student, the kiddie tax continues to apply to unearned income until age 24, but earned wages are still taxed at the child’s own rate. Many practitioners recommend continuing the employment arrangement through college, where the child can perform legitimate business services (research, content creation, administrative work) during summers and school breaks, and the wages help fund living expenses and Roth IRA contributions without being taxed at the parent’s rate.

Does paying wages to my child affect their eligibility for college financial aid?

Yes, and this is an important planning consideration that practitioners often overlook. For FAFSA purposes, student income is assessed at a higher rate than parent income. Student income above $7,600 (the student income protection allowance for 2026–27 FAFSA) is assessed at 50% for financial aid purposes, meaning $1 of student income above the threshold reduces financial aid eligibility by $0.50. Parent income is assessed at a much lower rate (22%–47% depending on income level). This means that wages paid to a child who is approaching college age can actually reduce their financial aid eligibility significantly. Practitioners should model the financial aid impact before recommending this strategy for clients with children within 3–4 years of college. In some cases, the tax savings from the wage deduction are more than offset by the loss of financial aid. The strategy is generally most beneficial for children who are either too young for college to be a near-term concern, or whose family income is too high to qualify for need-based aid regardless.

More Tax Planning FAQs

What is the IRS audit risk for this strategy?
The IRS audit rate for individual returns is approximately 0.4% overall, but increases significantly for returns with Schedule C income, large deductions, or specific strategies. Proper documentation is the best defense against an audit. Keep contemporaneous records, maintain written agreements, and ensure all deductions are supported by receipts and business purpose documentation.
How does this strategy interact with the alternative minimum tax (AMT)?
Many tax strategies that reduce regular income tax can trigger or increase AMT liability. Common AMT triggers include: ISO exercises, large state tax deductions, accelerated depreciation, and passive activity losses. Taxpayers should model both regular tax and AMT before implementing aggressive tax strategies to ensure the net benefit is positive.
What is the statute of limitations for IRS assessment of this strategy?
The IRS generally has three years from the later of the return due date or filing date to assess additional tax. If the taxpayer omits more than 25% of gross income, the statute is extended to six years. There is no statute of limitations for fraudulent returns or failure to file. Taxpayers should retain tax records for at least seven years to cover the extended statute of limitations.
How should this strategy be documented to withstand IRS scrutiny?
Documentation is the cornerstone of any tax strategy. Maintain contemporaneous records (created at the time of the transaction), written agreements, business purpose statements, and receipts. For strategies involving related parties, ensure all transactions are at arm’s length and documented with fair market value support. The burden of proof is on the taxpayer to substantiate deductions.
What is the economic substance doctrine and how does it apply?
The economic substance doctrine (§7701(o)) requires that transactions have both objective economic substance (a reasonable possibility of profit) and subjective business purpose (a non-tax reason for the transaction). Transactions that lack economic substance are disregarded for tax purposes, and the 40% strict liability penalty applies. Legitimate tax planning strategies must have genuine business purposes beyond tax reduction.
How does this strategy affect state income taxes?
Federal tax strategies do not always produce the same results at the state level. Some states do not conform to federal tax law changes (e.g., bonus depreciation, QSBS exclusion). Taxpayers should model the state tax impact of any federal tax strategy, especially in high-tax states like California, New York, and New Jersey. Some strategies may save federal taxes while increasing state taxes.
What is the step-transaction doctrine and how does it apply?
The step-transaction doctrine allows the IRS to collapse a series of related transactions into a single transaction if the intermediate steps have no independent significance. This doctrine is used to prevent taxpayers from using artificial multi-step transactions to achieve tax results that would not be available in a single transaction. Legitimate tax planning strategies should have independent business purposes for each step.

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