Roth Wizards

Beacon Light Investments

In-app purchases

About this app

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) — no business required
💡 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? No tax deduction for you, 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.

PRIVACY & SECURITY
All data is stored securely in your private Google account. We never share your information with third parties.
Terms of Use: https://rothwizards.com/terms
Privacy Policy: https://rothwizards.com/privacy

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.

What’s new

Patched some bugs up