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Deductions & credits
@HongminJin wrote:the system warned me that my adjusted gross income is lower than 7000
Are you sure it was saying your AGI was too low, rather than you "taxable compensation" was too low?
After you contributed 90% of your income to retirement accounts, how much was left (the other 10%)? If that was less than $7,000, THAT is why your IRA contribution is limited.
March 15, 2021
6:50 PM