topic Should I include my Roth IRA minor contributions last year although it is under my mom? in Retirement tax questions

Should I include my Roth IRA minor contributions last year although it is under my mom?

a1986b641a62 — Wed, 11 Feb 2026 06:55:34 GMT

My Roth IRA minor contributions are included in my mom’s account/ tax for 2023.I turned 18 this year.

Re: Should I include my Roth IRA minor contributions last year although it is under my mom?

RachelW33 — Sun, 03 Mar 2024 04:10:44 GMT

No, you do not need to report Roth IRA contributions on your tax return, even if you turned 18 this year.

However, if you are not claimed as a Dependent by your Mom (or anyone else) and you are not a full-time student, you may qualify for the Savers Credit. This most likely does not apply to you, but I thought I would mention it just in case.

See this TurboTax Help Article for more information: What is the 2023 Saver's Credit?

Re: Should I include my Roth IRA minor contributions last year although it is under my mom?

dmertz — Sun, 03 Mar 2024 12:41:28 GMT

"My Roth IRA minor contributions are included in my mom’s account/ tax for 2023."

That statement doesn't seem to make sense. Any contributions deposited into your mom's Roth IRA are your mom's contributions, not your contributions. Your Roth IRA contributions must be deposited into your own Roth IRA account and have nothing to do with your mom's tax return.