Your Roth IRA contribution can be limited in a few ways:
- You must have earned income in 2021 to contribute to a Roth IRA.
- Your contribution to a Roth IRA has a limit depending on your income and filing status, and whether your work offers a retirement plan. For full details, take a look at this chart from the IRS.
If you are not eligible to contribute to a Roth in 2021, you can pull out the contribution and any earnings before the tax return due date to avoid any penalties.
