I’ve created Pixie, a platform to employ and track your kids work. For families with a business, it helps reduce tax burden and fund a child’s Roth.
I’m a physician with some 1099 income, built the platform myself because my kids help with my side projects, and have since onboarded CPAs who now offer it to their clients. I saved 5k this year on my own taxes by employing my kids and it has funded their Roth.
Soon after launching, I crossed the $500/month mark.
Link:https://trypixie.com
This is neat, I appreciate that even if I can't use the service, i still learned something new about what's possible. Gonna keep it in the back-pocket for sharing with friends.
Also reminded me of when Justin Jackson talked about how he hired his kids for help with real projects and the positives from it https://justinjackson.ca/flipping-tables
I love working with my kids. They help out, feel accomplished, and its bonding time.
Very cool idea, I feel like awareness of this even being possible has to be quite low.
That’s the challenge. Educating consumers.
It’s completely legal and even listed by IRS. [0]
It’s important to be compliant and do it in an easy to use manner.
[0] https://www.irs.gov/businesses/small-businesses-self-employe...
What is the maximum amount a kid can earn yearly?
No limit but for staying under them paying tax it’s the standard deduction (15k). And you can only contribute $7500 (2026) to their Roth.
A reasonable amount depends on their age but somewhere between 7500-15000 is a good amount and maximizes benefits.