Save Taxes with Agricultural Wages Paid In Commodities

Agricultural wages paid in commodities can be a very useful tax savings tool in paying farm wages to your spouse, children over age 18, or any other employees who are subject to FICA tax withholding rules. The main advantage is that the paying of wages in commodities is exempt from social security and Medicare tax for both the employee and employer. In addition, wages paid in commodities are not subject to the federal income tax withholding rules otherwise required. However, there are specific rules and guidelines that need to be followed to qualify.

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