cnallison
Returning Member

Contributing to a Roth IRA with a Taxable Scholarship

I'm not in school anymore, but through the fellowship that pays me, all of my income is counted as a 'taxable scholarship'. I starting contributing to a Roth IRA in 2020, and according to 2019 Publication 590-A "For tax years beginning after December 31, 2019, certain taxable non-tuition fellowship and stipend payments are treated as compensation for the purpose of IRA contributions. Compensation will include any amount included in your gross income and paid to aid in your pursuit of graduate or postdoctoral study."

 

Does anyone know what certain taxable non-tuition fellowships mean/how I could figure out whether my income is eligible to contribute to a Roth IRA?