☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Feb 28, 2025 2:27:34 PM

Can I open a Roth account for my minor children?

Can I open a Roth account for my minor children? They are under 16 and to not need to file a tax return. All

of their Roth account is for work at home and not taxable.

0 1 336
1 Replies
Expert Alumni
Feb 28, 2025 5:15:07 PM

Yes, you can open Roth IRAs for your children.  If they are not required to file a tax return, be sure to create logs of the work they do and their earnings and keep them with your tax records.