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Retirement tax questions
As VolvoGirl indicated, there is an income limit to the amount of contributions that can be made to a ROTH IRA. I have enclosed 3 links for you to view that can expand on that explanation. It all comes down to what is called your "Modified Adjusted Gross Income". What constitutes MAGI is also detailed in a link below:
What happens if I made an excess Roth contribution?
Amount of Roth contributions allowed per IRS
Modified Adjusted Gross Income
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‎February 13, 2023
6:49 AM