Tax expert says parents can legally pay their child $15,750 tax-free and invest it in a Roth IRA
“If you put your child on payroll, you can pay your child up to $15,750 without your child needing to file a tax return. That's a $15,750 deduction. Then from the $15,750, you could take $6,000 of it and put it into a Roth IRA. Money that neither you nor the parent pays taxes on, and that money is growing tax-free. That should absolutely be the mission for families”