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Investors & landlords
@DanielV01 wrote:
All of these tax hoops do not make a claim like this very advantageous.
Building Social Security credits to qualify for Social Security and Medicare and/or having enough income to qualify for the Premium Tax Credit for Marketplace health insurance (over 100% of the Federal Poverty Level) far outweighs the potential negatives that you have pointed out. 🙂
On the other hand, in my opinion a grandparent watching their grandchildren rarely, if ever, rises to the level of a business. If that is the case, it would not be subject to Self Employment tax, which would mean Social Security Credits would not be built up.
‎December 16, 2020
7:51 PM
1,721 Views