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Retirement tax questions
Since your MAGI for a Roth contribution is under $196,000, as long as you have sufficient compensation (the amount in box 1 of your W-2) to support the sum of the $6,000 spousal IRA contribution and your own $7,000 Roth IRA contribution, you can can contribute to both. The fact that you participate in a workplace retirement plan has no bearing on your eligibility to contribute to a Roth IRA.
‎February 19, 2021
1:44 PM
1,367 Views