I'm working two jobs that pay over $150k apiece. I know total SS tax contribution for 2020 is only $137,700. Since both employers are taking SS out of my paychecks, how do i calculate the tax credit/refund when filing taxes next year? I'll have paid way over the $137k into social security. Thanks,5 AnswersUnited States1 week ago
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I use my garage wall as a projector screen to project movies and sports for the family and neighborhood. FYI: I don’t actually use a projector screen - everything gets projected directly up on the wall. What would be the best color to paint it the wall to get the best picture? Right now it’s a beige/yellow color.3 AnswersDecorating & Remodeling5 months ago
I run a photography business (sole owner) and many times I make royalties off of stock photography when marketing companies purchase my pictures. My kids are often the models i use. Ages 7, 5 and 2. Could I pay my kids a salary and put that earned income into a Roth IRA for them to grow tax free?
What are the drawbacks to this idea?2 AnswersPhotography10 months ago