At most $7000, as long as he has W-2 or other evidence

回答: 给16岁儿子存Roth的问题DD20202024-10-24 07:19:09

You can open one account on Fidelity Roth IRA. Fidelity wil automatically track if it is reaching the limit or not.

Please keep W-2 or other evidence or document in case IRS checks that.

In case if he is paid on cash, it would be tricky. 

所有跟帖: 

or need 99 form. then he has to pay ss. -borisg- 给 borisg 发送悄悄话 borisg 的博客首页 (0 bytes) () 10/24/2024 postreply 07:33:30

这是啥意思? -DD2020- 给 DD2020 发送悄悄话 DD2020 的博客首页 (0 bytes) () 10/24/2024 postreply 07:42:56

1099 from employer -borisg- 给 borisg 发送悄悄话 borisg 的博客首页 (0 bytes) () 10/24/2024 postreply 08:08:22

我是问为啥还要付ss -DD2020- 给 DD2020 发送悄悄话 DD2020 的博客首页 (0 bytes) () 10/24/2024 postreply 13:06:26

不是cash。都是正规的工作。 -DD2020- 给 DD2020 发送悄悄话 DD2020 的博客首页 (0 bytes) () 10/24/2024 postreply 07:42:44

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