The Kid's Roth IRA Handbook, Securing Tax-Free Wealth from a Child's First Paycheck - Softcover

Foote, Tracy

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9780970822697: The Kid's Roth IRA Handbook, Securing Tax-Free Wealth from a Child's First Paycheck

Synopsis

This book is to be used as a starting point for children and parents. The focus is on the unmarried dependent child (with no dependents of their own) who has a yearly income that ranges from $1.00 to the amount of the single standard deduction allowed by the IRS. Most children fall within this income range. This book can also provide limited guidance for children with higher income, introducing them to basic topics. Major Topics include:
1) Money Management: Appreciate the benefits of a Roth IRA
2) Career Skills: Identify different types of child employment
3) New Ideas: Discover different ways parents can employ their children
4) Special Details: Learn how parents can issue Forms W-2 for their child
5) Introduction to Taxes: Basic tax concepts for children with low earned income
6) Powerful Knowledge: Understand rules for children to contribute to a Roth IRA.

"synopsis" may belong to another edition of this title.

About the Author

Tracy Foote has an accounting and finance background in the US Air Force. Today she is both an author and a self-employed parent. She specializes in helping children qualify for earned income to invest in a Roth IRA. She wrote this book to consolidate and share information to assist other employed children and their parents.

From the Back Cover

Money answers for employed children, their parents, the self-employed and enterpreneurs.This book is a starting point for children and parents to understand: .benefits of a Roth IRA .different types of child employment .different ways parents can employ their children .how parents can issue Forms W-2 for their child .basic taxes for children with low earned income .rules for children to contribute to a Roth IRA

"About this title" may belong to another edition of this title.