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?
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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.
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