Pay Your Kids a Wage

There are a lot of tax benefits to paying children appropriate wages for their work on your farm.

Oct 02, 2024

∙ Paid

woman in pink shirt and blue denim jeans sitting on brown rock near river during daytime — Photo by Zoe Schaeffer on Unsplash

Many farm families have children that help with farm work. Many of them operate tractors or combines or other farm machinery and many times the farm couple will pay the child but may not treat the payment as a wage but rather as a gift, etc.

However, paying children appropriate wages for the work they perform have many tax benefits as follows:

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