DAYDREAMER
Recycles dryer sheets
- Joined
- Mar 26, 2008
- Messages
- 413
I also think any work bonus paid in 2018 would qualify as earned income. How will it be reported to you - a W2?
Our work bonuses or profit sharing were reported on a W2 along with regular wages, etc. We paid FICA on it.
They are reported in "wages/income" on w2. I edited my post above saying that I already have a large portion of our retirement savings in 401k's and Ira's that we can't touch for another 5 years. We will be doing Roth conversions starting next year maxing to the 12%income bracket, and I need to sharpen the pencil to see if we need to convert to the 22% bracket to avoid MRD's. (Trying not to boast as to offend many here!!)