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Get your taxes done using TurboTax
- Assuming your calculation, the distribution of $426 will mean $460 of contribution returned.
- 10/15/2022
- In many cases MAGI will be the same as AGI. See Worksheet 2-1 of IRS Pub 590-A for the calculation of MAGI for the purpose of determining the Roth IRA contribution limit: https://www.irs.gov/publications/p590a#en_US_2021_publink100025085
‎July 30, 2022
4:11 PM