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Get your taxes done using TurboTax
The Roth IRA contribution is based on your adjusted gross income, not your taxable income. This amount is found on Line 11 of Form 1040.
The income from the taxable grant for the research intern position at the NIH is considered earned income. Earned income also includes any part of a scholarship or fellowship grant that is considered gross income. See IRS Publication 17 on page 76 in the left column under Payment for services.
You can contribute to the Roth IRA.
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March 22, 2022
3:12 PM
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