@Rconrad2k wrote:
Complicated. If I have no legitimate expenses related to the Vine program, so the entire estimated tax value would be considered profit, so, if I understand correctly I could make a traditional IRA contribution of 92.35% (that's a weird number!). My take away is that the Vine program is more hassle than it's worth!
About 92% of your net self-employment is considered "compensation" for IRA purposes. And you will need to pay 15% self-employment tax, although if you contribute your entire work earnings into the IRA, you can pay the SE tax from an RMD, or savings or other funds.
Whether this particular way of earning extra money is "worth it" is, of course, a very personal decision and depends on what you do, how much you enjoy it, how much time it takes, and so on.
