Roth IRA Contribution & Income Limits 2022

By Travis Sickle, CFP®, EA® | May 4, 2022

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 2022 Roth IRA Income Range 2023 Roth IRA Income Range Single$129,000-$144,000$138,000-$153,000Married Filing Jointly$204,000-$214,000$218,000-$228,000Married Filing Separately$0-$10,000$0-$10,000 Traditional IRA Income Limits Filing & Workplace Status 2021 IRA Income…

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How to calculate self employment taxes

By Travis Sickle, CFP®, EA® | May 3, 2022 |

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…

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Should I own an S-Corp to save taxes?

By Travis Sickle, CFP®, EA® | March 13, 2022 |

How many S-Corps should you have?  Is one enough?  Multiple? Or should you skip the s-corp altogether? I will only focus on the taxes and retirement savings when it comes to the s-corp and not any legal or shareholder benefits. S-Corporations are great for small business taxes, but you need to know how those taxes…

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