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Contributions to Roth IRA by Depdendent Child
Hello Tax Experts,
My daughters (age 18) is working part time in addition to her school. I am encouraging her to contribute (say even $100) to Roth IRA. Here are my questions and would really appreciate if you could please help:
1. Can I claim her as my dependent while filing my taxes while she files her taxes as individual filer without claiming any deductions (she would say - some one else is claiming me as dependent)?
2. Can she contribute part of his earnings to Roth IRA.
Thank you.
‎December 29, 2020
8:42 AM