DanaB27
Expert Alumni

Get your taxes done using TurboTax

No, your son needs taxable compensation to be able to contribute to a Roth IRA.

 

The total contributions you make each year to all of your traditional IRAs  and Roth IRAs can't be more than:

  • $6,000 ($7,000 if you're age 50 or older), or
  • If less, your taxable compensation for the year (IRS)

 

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