What Counts as Earned Income for a Kid’s Roth IRA? The Official IRS Rules

You’re excited about opening a Roth IRA for your child. You’ve seen the projections—how a few thousand dollars saved today can become a life-changing sum in the future. But then you hit the first, and most important, rule: your child must have earned income. Suddenly, a cloud of uncertainty appears. Does their allowance count? What about […]