Blue Light is abundantly emitted from TVs, computers, iPads, and electronic devices. Excessive Blue Light is increasingly being suspected as a major health stressor. On the other hand: Red and Infrared Light can be very healing and regenerative. Red Light is a great stress reliever and is very beneficial to metabolism. Due to the large amount of time we spend indoors, we are often deficient in exposure to Infrared Energy. Benefits of Red Light Therapy: Promotes relaxation and a sense of calm energy; Reduces anxiety and irritability
The IRA consists of $90,000 in non-deductible contributions and $10,000 in earnings. If she decides to convert the entire IRA to Roth, she would only have to pay tax on the earnings portion ($10,000). At a 30% tax rate, she would owe $3,000 in tax to convert the entire $100,000 to Roth.If Smith had no earnings in this IRA, the entire $100,000 (all non-deductible contributions) could be converted with no tax liability.f you happen to earn over the IRS limits, you can still contribute to an IRA, but you will not be entitled to an IRA contribution deduction on your tax return. This is known as a non-deductible IRA contribution, which requires you to file Form 8606 with your tax return listing the contribution as such.
While your Roth IRA contributions are not tax deductible, you can claim a Roth IRA tax credit on IRS Form 8880 of up to 50% on your first $2,000 in Roth IRA contributions if your income falls within the predetermined income limits.ou can receive a 50% tax credit on your first $2,000 in Roth IRA contributions if youâre: 1  Single and earn $17,750 or less. 2  Married filing jointly and earn $35,500 or less. 3  Head of Household and earn $26,625 or less.