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Get your taxes done using TurboTax
Hi TurboTax Team.
From the previous answer from your team, I can contribute to an IRA or Roth. Please see the previous answer below.
1. Can you contribute to a Traditional IRA or a Roth IRA, based on your long-term disability income reported on your W2 in Box 1?
- In general, yes, however, you must also subtract any amounts listed in box 11 of the W2, from the box 1 amounts on your W2, to derive at the amount that is considered as earned income for IRA contribution purposes.
‎November 23, 2024
1:49 PM