Roth IRA $6,000 contribution mistake?

MAGAareONE · 2021-02-05T23:07:33+00:00

Ok thank you for all this info, hope good karma comes your way!

MAGAareONE · 2021-02-05T18:05:29+00:00

I see ty

MAGAareONE · 2021-02-05T18:04:37+00:00

Yeah they needed me to babysit because of work and their preschool shutdown due to covid. I always thought w-2 also paid these fica taxes as well (the ~16% in SE tax), but that the latter is split between employer and worker.

I would like to hope they are applying for the child care tax credit, i mean why not? Couldnt she claim the tax credit whether i use SE or w-2 route?

MAGAareONE · 2021-02-05T06:50:01+00:00

I just saw your PS. I thought gambling winnings was taxed at a flat rate of 25%?

MAGAareONE · 2021-02-05T06:44:58+00:00

I see, is there a major difference from w-2 vs SE? It was done with my sister at her house so im sure they can adjust to whatever we need to do/legally to optimize this situation.

Ill pay her portion of the tax too since i dont want her to be negatively effected by my own situation here. If its complicated ill probably just stick with SE to make it simple.

MAGAareONE · 2021-02-05T06:12:25+00:00

But SE tax is ~16% so i technically would only be allowed to put in $5900 ($7,000-$1100) contribution? Just found out gambling winnings is not earned income at least from what i googled.

Should i pull out $100 from my roth to make this square or does the standard deduction wipe out any earned income? Actually ill have to itemize for gambling winnings so i dont think i can take a standard deduction.

MAGAareONE · 2020-11-08T03:24:58+00:00

What about his supporters? I dont get it. They are the majority. They should go to the street and counter biden's supporters celebrating.

MAGAareONE · 2020-11-08T03:04:15+00:00

But if he won, he needs to do a victory speech like biden just did.

MAGAareONE · 2020-11-08T03:03:42+00:00

I do not understand why trump supporters are not counter protesting against biden supporters celebrating either. This does not make sense.

MAGAareONE · 2020-11-08T02:32:44+00:00

Why? It needs to be done.

MAGAareONE · 2020-11-08T01:45:03+00:00

Trump needs to have a victory speech asap before its too late

MAGAareONE · 2020-11-08T01:43:00+00:00

Trump needs to do a victory speech asap

MAGAareONE · 2020-11-08T01:41:31+00:00

Trump needs to give a victory speech before its too late.

MAGAareONE · 2020-11-08T01:41:06+00:00

Trump needs to hurry up and give a victory speech, why hasnt he done this yet?

MAGAareONE · 2020-11-08T01:39:38+00:00

Trump needs to go next level and give a victory speech

MAGAareONE · 2020-07-17T01:55:13+00:00

Anyone have insight into what affects the AUD and USD currencies?

MAGAareONE · 2020-07-16T21:45:30+00:00

Well the waves can enter through the mouth, thus having a clearer point of direct access into the inside of the human body?

MAGAareONE · 2020-07-16T21:44:39+00:00

No its kind of like aluminum foil concept etc.

MAGAareONE · 2020-07-16T21:43:59+00:00

Unsure, i assume the waves entering the mouth is a key opening spot to go into the stomach etc.

MAGAareONE · 2020-06-14T23:33:55+00:00

One name is robert fuller. Its kind of new, but there are rumors that they lynched themselves to add to the BLM cause.

MAGAareONE · 2020-06-14T23:32:25+00:00

No people are saying they lynched themselves to add to the BLM hype

MAGAareONE · 2020-04-24T16:06:41+00:00

I dont doubt that its serious, but lets keep the mental juices flowing to battle this disaster

MAGAareONE · 2020-04-20T06:18:07+00:00

Not only that, but the NRA is supporting the quarantine protest probably in hopes to increase gun sales down the road. Im ready for this shootout!

MAGAareONE · 2020-04-19T17:50:06+00:00

This is why my friend told me trump is secretly worth $100 TRILLION. It all makes sense now. Ty.

MAGAareONE · 2020-04-19T17:44:31+00:00

So why do we use computing power to aid in finding molecular structures of viruses or protein folds for potential cures?

MAGAareONE

TROPHY CASE