# @edwardcollins_upleveled on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DKAGMaDxSnn
- **Gondola URL:** https://gondola.cc/posts/35104112-edwardcollins-upleveled-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/ad5f4d1beb.jpg
- **Posted:** 2025-05-23T15:44:07.000+00:00
- **Account Owner:** Edward Collins | Money Lawyer & Wealth Strategist (@edwardcollins_upleveled) — https://gondola.cc/edwardcollins_upleveled

## Caption

Want to Keep More in the Family? 

Here’s One of the Most Powerful Tax Strategies Business Owners Overlook: 
 
Income shifting. 

It’s not complicated. It’s just smart. 
 
✅ Take income that would normally be taxed at your rate, 

✅ Shift it to your kids—who are in a lower tax bracket. 

✅ Legally reduce your entire family’s tax burden. 
 
Here’s how: 
 
If you own a business, you can hire your minor children—yes, legally. 

They must do real work (age-appropriate, of course), but that could mean: 

📸 Appearing in marketing. 

📁 Stuffing envelopes. 

🧮 Light admin work. 

💻 Helping with content creation. 
 
And now the good part... 
 
In 2025, the standard deduction is $15,000. 
 
So if you pay your child up to $15,000/year: 

🟢 They pay zero income tax. 

🟢 You get a deduction. 

🟢 No FICA (Social Security or Medicare). 

🟢 No self-employment tax. 

🟢 No unemployment tax (if under 18). 
 
Once they turn 18? 

FICA applies — but income tax may still be avoided if they’re under the standard deduction. 
 
This is income shifting at its best. 

But only if it’s structured the right way. 
 
⚠️ Get it wrong, and the IRS won’t be kind. 

⚠️ Get it right, and your tax savings compound every year. 
 
If you want to learn the rules of the game — so you can win it — 

👇 Drop GOB in the comments and I’ll send you a free training. 
 
Credit (TikTok): Leanne Ozaine – profitwithleanne 

 SF0680

## Stats

- **Views:** 64
- **Likes:** 534
- **Shares:** 0
- **Comments:** 154

## Credits

These are the roles credited on Gondola. Credits may be incomplete.
A brand, account owner, or featured person is not necessarily the creator.

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Edward Collins | Money Lawyer & Wealth Strategist | @edwardcollins_upleveled | https://gondola.cc/edwardcollins_upleveled | Talent |
| Hector Garcia | @Hector_FilmSchool | https://gondola.cc/Hector_FilmSchool | Content Producer |

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