156 \\ Pay Your Spouse the Smart Way: Tax Benefits and Strategies for 2024

Should you put your spouse on payroll? This episode explains why paying your spouse from your business can be a smart move and how to do it right. We cover the tax benefits, including deductions for travel, extra retirement contributions, and how to structure pay so you avoid payroll taxes using a medical expense reimbursement plan. You’ll learn the rules for making it IRS-compliant—job descriptions, documentation, and fair pay—and how these strategies can reduce federal, state, and payroll taxes. Whether your spouse already helps in your business or could take on specific roles, this approach can keep more money in your pocket and open up new tax-saving opportunities in 2024 and beyond.

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