I made a deal with my kids that I would match their earned income (up to the maximum) until they reach age 21 to put into a Roth IRA.
I figured it would give them a good start when they get out of college. One of my kids just finished his Freshman year of college, and his earnings are mostly tips working as a waiter in a restaurant.
Since those tips won't be taxed as income, will they be eligible to put into a Roth?
Thank you
