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Retirement tax questions
You have to have earned income in tax year 2020 (same will apply in 2021) - meaning you have a W-2 or net business income in an amount that is equal to or exceeds your contributions.
- $6,000 ($7,000 if you're age 50 or older), or
- If less, your taxable compensation for the year
Did you earned income in 2020?
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May 17, 2021
1:04 PM