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Roth contribution missed on my return

 
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2 Replies

Roth contribution missed on my return

Shouldn't be a problem unless you would qualify for the Savers Credit.

A Roth IRA contribution does not actually go on a tax return, but you can enter it anyway to:

1) Tell you if your income qualifies you for a contribution and warn you if it does not.
2) Check if your income exceeds the limit to contribute to a Roth.
3) Track your contribution year-to-year if you use TurboTax every year.
4) Add the Retirement Savers Credit if you qualify.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Roth contribution missed on my return

Thanks, I sort of came to that same conclusion since the addition of the amounts do not add a schedule 1 to the return, nor add an entry on line 8a on the 1040; but nice to have  it confirmed by a second party.

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