Match your working teen's Roth contributions — $7K/yr compounding tax-free for 60 years.
Any kid with earned income (W-2 or 1099, including from family business above) can fund a custodial Roth IRA up to earned income (2025 cap $7K). Parents can gift the contribution amount (kid keeps the wages). $7K/yr from age 15 → 75 at 8% = $3.2M tax-free. Available at Fidelity, Schwab, Vanguard.
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Kids under 18 in sole prop/parent-partnership: no FICA, no FUTA — up to $14,600 tax-free earned income.
Grandparent-owned 529s no longer hurt FAFSA aid — superfund + let it grow.
Tax-free savings up to $100K for disabled dependents without losing SSI/Medicaid eligibility.
Gift FLP interests to kids at 25–35% valuation discount — turbo-charge estate reduction.
Pick FSA ($5K pre-tax) OR credit — whichever saves more at your bracket.
Legitimate spouse employment doubles retirement contributions + adds §105 HRA option.
Employ your college-age kid in the C-corp → $5,250/yr tax-free tuition assistance.
Trust with withdrawal rights → annual $19K gifts qualify for exclusion, grow tax-sheltered.