Posts by Travis Sickle, CFP®, EA®
Roth IRA MAJOR UPDATE proposed for MORE TAX-FREE contributions
Here is the proposed bill Senators Burr, Casey Introduce College Savings Recovery Act
Read MoreIndex Returns Matrix Book 2022
Download Maxtrix Book 2022 Download
Read MoreBackdoor Roth IRA Pro Rata Rule Explained
The Pro Rata Rule is required when you convert a traditional retirement plan, whole or in part, to a Roth IRA and the traditional IRA has both aftertax and pretax money. The premise of the pro rata rule is to prevent higher-income earners from taking advantage of the backdoor Roth conversion without incurring additional taxes.…
Read More2022 Roth IRA Contribution & Income Limits
Roth IRA + Traditional IRA Contribution Limits 2022 IRA + Catchup Contribution 2021 2022 Roth IRA$6,000$6,000Roth IRA Age 50+$7,000$7,000Traditional IRA$6,000$6,000Traditional IRA Age 50+$7,000$7,000 Roth IRA Income Limits Filing Status 2021 Roth IRA Income Range 2022 Roth IRA Income Range Single$125,000-$140,000$129,000-$144,000Married Filing Jointly$196,000-$208,000$204,000-$214,000Married Filing Separately$0-$10,000$0-$10,000 Traditional IRA Income Limits Filing & Workplace Status 2021 IRA Income…
Read MoreHow to calculate self employment taxes
Self-employment taxes are the employment taxes for someone who is self-employed. They are separate from your state and federal taxes. If you want a quick answer, check line 12 on schedule SE. Continue reading if you want to understand how self-employment taxes work. Table of Contents Full Video Transcript: How to calculate self employment taxes…
Read MoreAura Digital Safety App Review | Identity Theft Protection
The Aura digital safety app is so much more than just an app. It protects your digital identity and devices and some parts you probably didn’t realize need protecting. I have updated this post a few times, added more videos on Aura and each time I’m more impressed and feel that much more at ease…
Read More