# Roth Wizards — Maximize Kid Savings

> Parental tool for child employment, Roth IRA funding, and tax-compliant savings. (iPhone/iPad app by Beacon Light Investments.)

- Source: https://appshunter.io/ios/app/roth-wizards/id6757408911 (this page in markdown: same URL + `.md`)
- Developer: [Beacon Light Investments](https://appshunter.io/developer/1830304316)
- Category: Finance, Education
- Price: Free with in-app purchases
- Rating: 5.00/5 from 2 App Store ratings · 2 written reviews indexed
- Age rating: 4+
- Requires: iOS 16.0 · 39 MB
- Languages: English
- Released: 2026-01-13
- Data updated: 2026-09-07
- Monetization: free
- User reviews in markdown: https://appshunter.io/ios/app/roth-wizards/id6757408911/reviews.md

## What is Roth Wizards?

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

## Key features

- Log jobs, hours, and payments
- Attach photos to document work
- Track Roth IRA contribution limits
- Generate W-2 and W-3 tax forms
- Export documentation for CPAs
- Get EIN application support
- Receive job suggestions

## Pricing and in-app purchases

Base price: Free.

**Subscriptions**

| Subscription | Price | Period |
| --- | --- | --- |
| RothWizards Premium | $17.99 | per year |


## Recent user reviews (2 of 2)

All indexed reviews: https://appshunter.io/ios/app/roth-wizards/id6757408911/reviews.md

### 5/5 — Fantastic tracking system

*2026-01-15*

Makes our taxes so much easier and protects us in case of audit.

**Developer response:** Thanks for the great feedback!

### 5/5 — Simple to use

*2026-01-15*

This Roth IRA tracking app is an absolute game-changer! As someone who’s always struggled with keeping track of my investments, this app has made my life so much easier. The user interface is incredibly intuitive and straightforward, making it a breeze to navigate even for beginners.

**Developer response:** Right on!

## Frequently asked questions about Roth Wizards

### What is Roth Wizards?

Roth Wizards is a record-keeping tool designed to help parents manage their children's earned income and fund custodial Roth IRAs. It assists in tracking jobs, payments, and generating necessary tax documentation for compliance with IRS guidelines.

### How does Roth Wizards help with taxes?

Roth Wizards helps families by allowing parents to deduct their child's wages as a business expense (if applicable) and ensures that all contributions to the child's Roth IRA grow tax-free. It also generates W-2 and W-3 forms for year-end tax reporting.

### Can I use Roth Wizards if I don't have a business?

Yes, even without a formal business, you can use Roth Wizards to pay your children for legitimate household projects. While you won't receive a tax deduction, your child's earned income can still be used to fund their Roth IRA for tax-free wealth building.

### What kind of jobs can I log in Roth Wizards?

You can log any legitimate work your child performs, whether for your business or household. This includes tasks like marketing, photography, data entry, yard work, or tutoring siblings. The app encourages documenting substantial work, not routine chores.

### How does Roth Wizards ensure compliance with IRS rules?

Roth Wizards is built in alignment with IRS Publication 15 and IRC Section 3121(b)(3)(A). It helps document real work, track earned income for Roth IRA eligibility, and generate proper payroll documentation to stay within contribution limits.

### What are the Roth IRA contribution limits?

Roth Wizards shows you exactly how much you can contribute each year. For example, it notes that up to $7,500 can be contributed for 2026, allowing you to maximize your child's tax-free savings potential.

### Is Roth Wizards free to use?

Yes, Roth Wizards is available for free. The app is designed to help parents save on taxes, with many users recouping the cost of the app through tax deductions from their child's documented work.

### Does Roth Wizards have ads?

No, Roth Wizards does not contain advertisements. The app is ad-free, allowing users to focus on managing their child's financial future without interruptions.

## Version history (last 5 releases)

### 1.1.0 — 2026-07-06

Fixed settings taps

### 1.0.6 — 2026-06-26

One Big Beautiful Bill Act 2026 tax changes

### 1.0.4 — 2026-06-01

Added review support!

### 1.0.3 — 2026-05-22

Bug fixes!

### 1.0.1 — 2026-01-15

bug fixes, added restore purchase to initial wizard

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All apps by Beacon Light Investments: https://appshunter.io/developer/1830304316

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-09-07.*