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Your income is too high to contribute to Roth IRA
Something is wrong, income is 90,000 and the only contribution is to a Roth IRA (No TIRA)
Over 55, I contributed $7000.
"Your modified adjusted gross income is $90,000, which puts you over the current Roth limit of $10,000. That means the $7,000 you put into a Roth is considered an execss contribution."
I didn't enter any other IRA. I even went back a changed the contribution to $1 dollar and the same thing happened.
I did the same thing last year without an issue.
Help.
Thank you.
JT
Topics:
May 18, 2020
11:55 AM