My daughter will make between $300-$800 the whole year dog walking. I want to match that in her Roth IRA. How do I report her income? Will I have to pay Social Security taxes on it? Do I report her income on my taxes?
Note: I was just advised that if she reports over $400 for the whole year, that she will have to pay SS taxes.
original posted by samayoa95 to r/personalfinance on Sun, 14 Apr 2024 16:45:36 GMT.