How Much Can You Pay Your Child Tax-Free? The new tax law has increased the amount from $6,300 to $13,850 (for 2023).  So you may want to hire your child(ren) to work in your business. And you want to do it for many good reasons: to teach them about entrepreneurship, develop a strong work ethic … Continue reading How to Avoid Payroll Tax for Your Children if Your Business Is an S Corp