@macuser_22 According to this link and speaking to tax folks, a parent can contribute and match the child’s earned income. So if a child makes $1500 a year, a parent can contribute $1500 into the custodial Roth IRA. So total, they can put $1500 + $1500 = $3000 into the custodial Roth IRA. So yes, a parent can contribute to a child’s Roth IRA. And no, it doesn’t have to be shown under a W2. Earned income can be cash from babysitting or household chores.
https://www.consumerreports.org/retirement-planning/give-the-gift-of-a-roth-ira-for-the-holidays/
