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Happy Friday! #fridaymood
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Happy Friday! #fridaymood
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➡️If you follow IRS rules, hiring your child to work for your business can lower your taxable income as you can deduct their salaries from your business income. ➡️If your child is under 18, and depending on the type of business you have (more on that below) you won’t have to take Social Security and Medicare taxes from their pay. ➡️Your child won’t have to pay taxes if their income for a given tax year is less than the standard deduction amount for that year (e.g., $13,850 for 2023). ➡️Because your child will have earned income, you can contribute to an IRA on their behalf subject to applicable IRA contribution limits. **According to https://bit.ly/3ORSCq9 For disclosure information, see thrivent.com/social While Thrivent does not provide specific legal or tax advice, we can partner with you and your tax professional or attorney. State tax rules may differ from federal rules governing the tax treatment of Roth IRAs and there may be conflicts between federal and state tax treatment of IRA conversions. Consult your tax professional for your state's tax rules. If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance, may be solicited.
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➡️If you follow IRS rules, hiring your child to work for your business can lower your taxable income as you can deduct their salaries from your business income. ➡️If your child is under 18, and depending on the type of business you have (more on that below) you won’t have to take Social Security and Medicare taxes from their pay. ➡️Your child won’t have to pay taxes if their income for a given tax year is less than the standard deduction amount for that year (e.g., $13,850 for 2023). ➡️Because your child will have earned income, you can contribute to an IRA on their behalf subject to applicable IRA contribution limits. **According to https://bit.ly/3ORSCq9 For disclosure information, see thrivent.com/social While Thrivent does not provide specific legal or tax advice, we can partner with you and your tax professional or attorney. State tax rules may differ from federal rules governing the tax treatment of Roth IRAs and there may be conflicts between federal and state tax treatment of IRA conversions. Consult your tax professional for your state's tax rules. If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance, may be solicited.
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Apply for a Thrivent Action Team! ❤️Small acts of kindness can make a big difference in someone"s day. https://bit.ly/3R7qD7n For additional disclosure, see thrivent.com/social
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Apply for a Thrivent Action Team! ❤️Small acts of kindness can make a big difference in someone"s day. https://bit.ly/3R7qD7n For additional disclosure, see thrivent.com/social
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During this uncertain time, lets review your financial position to prepare for the future. 📱(608) 824-3503 For disclosure information, see thrivent.com/social If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance, may be solicited.
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During this uncertain time, lets review your financial position to prepare for the future. 📱(608) 824-3503 For disclosure information, see thrivent.com/social If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance, may be solicited.
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Guaranteed income for the big and little things (that are also pretty big). An annuity and the guaranteed income it can provide may be the right fit for the financial priorities you have. If you want to learn more about how an annuity could fit into your overall financial plan, let’s schedule some time to talk. Guarantees based on the financial strength and claims paying ability of the product’s issuer. See thrivent.com/social for important disclosures. #AnnuityAwarenessMonth
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Guaranteed income for the big and little things (that are also pretty big). An annuity and the guaranteed income it can provide may be the right fit for the financial priorities you have. If you want to learn more about how an annuity could fit into your overall financial plan, let’s schedule some time to talk. Guarantees based on the financial strength and claims paying ability of the product’s issuer. See thrivent.com/social for important disclosures. #AnnuityAwarenessMonth
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Interested in learning Thrivent’s perspective on the markets and economy to help you invest with greater confidence? Join Chad to hear how the presidential elections may impact your holdings, as well as a look at what interest rates are doing. Register by emailing--->mary.parker@thrivent.com Brought to you by Chad Thomley, MSFS, CFPr, ChFCr. No products will be sold. 27878-4M R4-21 For disclosure information, see thrivent.com/social.
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Interested in learning Thrivent’s perspective on the markets and economy to help you invest with greater confidence? Join Chad to hear how the presidential elections may impact your holdings, as well as a look at what interest rates are doing. Register by emailing--->mary.parker@thrivent.com Brought to you by Chad Thomley, MSFS, CFPr, ChFCr. No products will be sold. 27878-4M R4-21 For disclosure information, see thrivent.com/social.
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Contact our office to learn how we can help you on your financial journey! 📱608-824-3503 #finances #wealth #retirement #lifestyle For additional disclosure, see thrivent.com/social If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance, may be solicited.
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Contact our office to learn how we can help you on your financial journey! 📱608-824-3503 #finances #wealth #retirement #lifestyle For additional disclosure, see thrivent.com/social If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance, may be solicited.
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Has anyone tried this technique? 🍦
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Has anyone tried this technique? 🍦