<prompt> Human: Hello I work as a delivery driver and on the books I only make around 8k a year. Obviously I make more than that in tips. Im interested in opening a Roth IRA and maxing it out 5500 every year. Am I allowed to do this even though it is close to yearly income? Should I expect to run into any problem? Thank you!  <response>: You can contribute up to 5,500 of your earned income. So you can max the IRA at 5,500 as long as you make at least that much. on the books I only make around 8k a year. Obviously I make more than that in tips. Report your tips. Dont get involved in tax fraud. Your future you will be much happier both to not be in trouble with the IRS as well as having much more in social security payments. 