ThomasM125
Expert Alumni

Retirement tax questions

There wouldn't be any tax benefit to you to  contribute to your grandchildren's ROTH IRA account. They would benefit as the income would grow tax-free. They would need earned income to qualify for a contribution though.

 

They would have to file a tax return and enter the contribution on their tax return.

@tait4aft 

[Edited 4/7/22 at 4:19 PM PST]

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