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brettf413
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Roth IRA Contribution Making under $6k

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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2 Replies

Roth IRA Contribution Making under $6k

No.  Only the net amount after expenses and subtracting the deductible part of the SE tax.

**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.**
brettf413
New Member

Roth IRA Contribution Making under $6k

Thank you! I’ve looked around everywhere and could not find an answer to this question.

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