Backdoor Roth IRA Generally, you can only contribute to a Roth IRA if you have taxable compensation and income less than the top of the phase-out range for your filing status (see chart below). If your income is greater t...

Household Employees If you have a household employee, you may need to withhold and pay Social Security and Medicare taxes (FICA), pay federal unemployment tax (FUTA), or both. Workers Who Are Household Employees A househo...

High-Income Taxpayers In addition to being subject to higher federal tax rates, taxpayers whose income exceeds certain levels have tax deductions and credits that are reduced or eliminated. The provisions listed may have ...