Roth Wizards
Maximize Kid Savings
Free · In‑App Purchases · Designed for iPad. Not verified for macOS.
uild Wealth — Every dollar earned can go into their Roth IRA, growing tax-free
Roth Wizards helps parents employ their children, track real work, and fund custodial Roth IRAs. Every dollar your child earns can grow tax-free for decades, potentially reaching millions by retirement.
Why Parents Love Roth Wizards:
Save on Taxes — Deduct your child's wages as a business expense (if you have a business)
Build Wealth — Every dollar earned can go into their Roth IRA, growing tax-free
Stay Compliant — Built on IRS Publication 15 and IRC Section 3121(b)(3)(A)
CPA-Ready — Generate W-2 and W-3 forms, plus year-end audit binders
Track Everything — Log jobs, hours, photos, and payments in one place
Perfect For:
Business Owners — Hire your kids for real business tasks (marketing, photography, data entry) and deduct wages
Household Work — Pay for legitimate household projects (yard work, photo organization, tutoring siblings) even without a business
Tax-Smart Families — Turn "helping out" into documented earned income
Key Features:
Job Logging — Log real work with photos, hours, and pay rates
Photo Documentation — Attach before/after photos to prove work was substantial
Payment Tracking — Track which jobs are paid and how much you owe
Roth Contribution Limits — See exactly how much you can contribute each year (up to $7,500 for 2026)
Tax Forms — Generate W-2 and W-3 forms automatically
CPA Exports — One-click downloads with all documentation your accountant needs
EIN Support — Get help applying for your Employer Identification Number
Smart Suggestions — Age-appropriate job ideas with fair market rates
How It Works:
Pick a job your child can help with (business or household)
Log the time and pay them
Match that income with a custodial Roth contribution
Relax—Roth Wizards stores every detail for tax time
Real Example:
Pay your teen $3,000 for product photography. If you're in a 30% tax bracket, you save ~$900 in taxes. That same $3,000 goes into their Roth IRA and can grow to over $3M by age 65—all tax-free.
Compliance Built-In:
Every workflow aligns with IRS guidance on hiring your own children. We help you:
Document real work (not routine chores)
Track earned income for Roth IRA eligibility
Generate proper payroll documentation
Stay within contribution limits
No Business? No Problem.
Even without a business, your kids can earn real income for legitimate household work. Every dollar they earn can go toward a Roth IRA—building the same tax-free wealth. The only difference? You won't get a tax deduction, but your child still gets a financial future.
Simple Pricing:
Choose the plan that fits your family. Many parents save hundreds in taxes each year—often covering the cost in one weekend of documented work.
Important:
Roth Wizards is a record-keeping tool and does not provide tax, legal, or financial advice. Consult a qualified CPA or tax professional for guidance specific to your situation.
Start building your child's tax-free future today. Download Roth Wizards and turn helping out into real earnings and long-term savings.
Privacy & Security:
All data is stored securely in your private iCloud account. We never share your information with third parties.
Terms of Use: https://rothwizards.com/terms
Privacy Policy: https://rothwizards.com/privacy
Keeping up with the Jones's on bug fixes!
The developer, Beacon Light Investments, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy .
Data Not Collected
The developer does not collect any data from this app.
Accessibility
The developer has not yet indicated which accessibility features this app supports. Learn More
Information
- Seller
- Beacon Light Investments, LLC
- Size
- 41.3 MB
- Category
- Finance
- Compatibility
Requires iOS 16.0 or later.
- iPhone
Requires iOS 16.0 or later. - iPad
Requires iPadOS 16.0 or later. - Mac
Requires macOS 13.0 or later and a Mac with Apple M1 chip or later. - Apple Vision
Requires visionOS 1.0 or later.
- iPhone
- Languages
- English
- Age Rating
4+
- 4+
- In-App Purchases
Yes
- RothWizards Premium $17.99
- Copyright
- © Beacon Light Investments
