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Old 06-06-2008, 07:44 AM
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What is the limit for a Childs ROTH IRA Contribution?

The maximum limit for a ROTH IRA contribution for a Child, under the current tax law, is $5,000, however, the contribution cannot exceed the Childs income.

I would definitely encourage the child to invest in a ROTH IRA as the amounts invested over a long period can result in potentially significant amounts in the ROTH IRA account come Age 60!

Please refer to the following link for a discussion on the potential accumulation balances of a ROTH IRA account for a child making a ROTH IRA Contributions for a few years.

http://www.asktaxguru.com/805-why-ch...ould-make.html

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Last edited by TaxGuru : 06-06-2008 at 07:48 AM.


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