Tax strategies

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Employment
Rental property
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community discussion, not tax advice
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Verdict
Holds upverified Oct 16, 2026

Rent out your home for 14 days tax-free

Rent out your home for up to 14 days a year without paying federal income tax on the rental income. Under a tax rule known as the Augusta Rule, you may be able to rent out your home for up to 14 days a year without reporting the rental income on your federal tax return. This can be especially useful if you own a business that needs a place to hold meetings or other business events.

Applies to

HomeownerW-2 employee
0 replies1 votesby Community Member
It dependsverified Oct 15, 2026

Pay your kids through your business and turn their wages into Roth IRA wealth

Hire your kids, deduct their wages as a business expense, and use their earned income to fund a Roth IRA. Done right, you can lower your tax bill while giving your children a decades-long head start on retirement.

Applies to

Has children
1 replies1 votesby Community Member
Holds upverified Oct 16, 2026

Turn a childs trump account into tax-free retirement savings

Fund a child's trump account, then consider converting it to a Roth IRA in adulthood when their tax rate may be lower. With some additional tax planning, families may be able to turn those early investments into decades of potential tax-free retirement growth.

Applies to

Has childrenW-2 + business
0 replies1 votesby Community Member