treat as self employment, still can contribute

If your child had W2, her employer and her will be paying total 13.5% payroll tax, that's 50% by her employer and 50% by the employee.   This is the same as your W2 situation. 

Since your child has no W2 or tax withholding, she can claim this income as self-employment.  She pays 13.5% self-employment tax (because she's both employer and employee, i.e. self-employment),  then this is her earned income and she can contribute to IRA. 

 

所有跟帖： 

• 谢谢。就是说娃可以把去年总共所得，（从非营利的支票+私教现金）用来投入IRA? -tidytiger- ♀ (129 bytes) () 03/27/2023 postreply 08:23:14

• Reply -柠檬椰子汁- ♂ (529 bytes) () 03/27/2023 postreply 08:31:17

• 非常感谢！ -tidytiger- ♀ (0 bytes) () 03/27/2023 postreply 08:46:13