Did Your Kid Earn a Paycheck This Year? This Could Be the Most Valuable Holiday Gift You Give

Key Takeaways Why Your Child's Paycheck Opens the Door to a Surprisingly Powerful Holiday Gift A child's first paychecks can feel small, but they unlock one of the most valuable financial opportunities your kid may ever get. Once a teen has earned income from a part-time or summer job, they're eligible to contribute to a Roth IRA—and this can create a unique tax advantage most adults can't match. Why? Because Roth IRA contributions are made with after-tax dollars. For adults, that means choosing to "pay tax ...