A dependent making $1700 does not need to file a return and can have the IRA funded for the earnings amount by April 15, 2025 to be claimed for 2024 deposit.
For anyone, you can open a brokerage account. Beware that you don't pass the gift limitations and end up needing to file a gift return. Only retirement plans have earned income rules.
Reference: IRS releases tax inflation adjustments for tax year 2025
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