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?
02151
2 Replies
macuser_22
Level 15
Jan 28, 2021 8:18:44 PM
No. Only the net amount after expenses and subtracting the deductible part of the SE tax.
brettf413
New Member
Jan 28, 2021 8:28:20 PM
Thank you! I’ve looked around everywhere and could not find an answer to this question.