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How do I report the money my 9 year is making for dog walking? I want to match it a Roth IRA.
How do I report the money my 9 year is making for dog walking? I want to match it a Roth IRA. My daughter will make between $300-$800 the whole 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. So she will be earning ...
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