1840683
I am a student and worked part time last year, making $2500 doing food delivery. I deducted about $600 for mileage expenses. Am I stillallowed to contribute the whole$2500 to a Roth IRA?
You'll need to sign in or create an account to connect with an expert.
No. Only the net amount after expenses and subtracting the deductible part of the SE tax.
Thank you! I’ve looked around everywhere and could not find an answer to this question.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
lkljunky
Returning Member
TSpalding
Level 1
actormatt
New Member
danilol
Level 4
likesky1010
Level 3