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Graduate Student Roth IRA Contribution
My understanding was that prior to 2020, graduate student stipends/fellowships were not viewed as eligible income for Roth IRA contributions, however that changed with H.R. 1865 and the Graduate Student Savings Act. However, TurboTax has not integrated this yet and thinks that I overcontributed to my Roth IRA, making me pay a 6% fee.
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‎February 2, 2021
9:31 AM