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March 30, 2025
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Can a college student who earned $3100 on box 1 of his W2 put all $3100 into a Roth IRA for TY 2024?

  • March 30, 2025
  • 1 reply
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Student can be claimed as dependent on parents' tax return.
Best answer by DavidD66

Yes, the student can contribute all $3,100 of the earned income to a Roth IRA.  Being claimed as a dependent doesn't affect eligibility. 

1 reply

DavidD66Answer
March 30, 2025

Yes, the student can contribute all $3,100 of the earned income to a Roth IRA.  Being claimed as a dependent doesn't affect eligibility. 

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Glekou24Author
March 30, 2025

Thank you!