Taxes on earned income to fund minor’s Roth

If I want to fund a Roth for a minor who has no earned income, can the child earn income via household chores? How formal does this need to be for IRS purposes? Will Soc Sec and Medicare taxes need to be paid on this income? Is there an IRS publication that specifically address the payment of Soc Sec/Medicare taxes on minor income under these circumstances?



What is your relationship to the minor?



The minors are the donor’s grandchildren.



Add new comment

Log in or register to post comments