Thank you for your prompt and helpful answer. I really appreciate your time.
I may not be using the correct terms (AGI, earned income, MAGI) in the proper context, but line 11 on my 1040 is $1910 (and I am referring to this number as my AGI). If I am understanding the Roth IRA rules correctly, my max contribution to my Roth IRA can only be the lesser of my earned income or $6000. I am using earned income and AGI interchangeably here but maybe I shouldn't be? Since my AGI (line 11 on my 1040 is $1910), I can only contribute a max of $1910. Instead, I contributed $6000, so I have the excess contribution of $4090. I know that I am no where near close to the MAGI thresholds/phase out limits to contribute to a Roth IRA. I have the opposite issue: I don’t make enough earned income to contribute the $6000 max.
To clarify: I am self-employed, but didn't know that there is a self-employed version of TurboTax. My parents use the Deluxe version and it allows up to 5 free federal tax filings, so I used their Deluxe version.
Now knowing I am self-employed will that change any of your responses?
Will I still be able to use the Deluxe version to amend my 2021 return?
Thank you again.
@dmertz
