by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Sep 29, 2022 | Pro Tips, Roth IRA, Tax Planning
How much can my child, Chloe, earn tax-free in 2022? Chloe’s salary for 2022 should be $12,950.00, the same amount as the standard deduction for a single person for the year. Should I set my child, Chloe, with a Roth IRA or a 401K? For most children, a Roth IRA...