Child traditional IRA
Transform your child's income into a retirement head start. Open a Traditional IRA for children with earned income and contribute up to $7,000 tax-deductible annually.
Calculate your child's IRA contribution opportunity
Determine how much your child can contribute based on their earned income from summer jobs, part-time work, or business activities. Maximum contribution is $7,000 or their total earned income.
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Maximize tax-deductible contributions for multiple children
Calculate contribution limits for each child individually, tracking earned income and available contribution space across all your children's Traditional IRAs.
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AI-powered contribution optimization ensures maximum benefits
Instead's AI analyzes each child's income patterns, suggests optimal contribution timing, and generates the documentation needed to substantiate earned income requirements.
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Build generational wealth through early retirement planning
Start your child's retirement savings decades early, allowing compound growth to work its magic. A $7,000 contribution at age 16 could grow to over $200,000 by retirement.
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File your return with confidence
With all contribution calculations documented and earned income verified, you're ready to claim the Traditional IRA deduction and secure your child's financial future.
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